Because with Building Costs Soaring Out of Sight, There Is

question 161

Multiple Choice

Because with building costs soaring out of sight, there is pent-up demand for a well-designed, green-built, contemporary home that's actually affordable.That means it has to be efficiently constructed, and the best way to do this is in a factory, where it can be put together on an assembly line, like an automobile.A company has developed the Glidehouse can be built that way in 19 days in a factory near Vancouver, British Columbia, then trucked to your property.Glidehouse is produced through:

• A)process manufacturing
• B)consumer product conversion
• C)the assembly process
• D)production integration
• E)product combination

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Definitions:

Notes Payable

A written promise to pay a certain amount of money, usually including interest, by a specified date or on demand.

Net Purchases

The total amount of purchases after subtracting returns, allowances, and discounts.

Revolving Credit Agreement

A credit facility allowing a borrower to withdraw, repay, and redraw loans repeatedly up to a certain credit limit.

Commitment Fee

A banking fee charged by lenders to secure a line of credit or a loan, often paid by borrowers to guarantee access to credit.