Manufacturing Processes Usually Have

question 21

Multiple Choice

Manufacturing processes usually have:

• A) physical, durable output.
• B) high levels of customer contact.
• C) output that cannot be inventoried.
• D) low levels of capital intensity.

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Definitions:

Dealer Charged

The price or fee a dealer applies to a product or service, usually including their markup over the wholesale or dealer price.

Exact Simple Interest

A calculation method where interest is determined using the actual number of days in a loan period over a 360 or 365-day year, depending on the terms.

365-Day Year

The 365-Day Year is a time measurement convention considering a year to have exactly 365 days, ignoring leap years.

Ordinary Simple Interest Rate

The standard rate at which interest is calculated on a loan or investment, based on the original principal amount only.