Business Products That Are Purchased Routinely, Do Not Become Part

question 279

Multiple Choice

Business products that are purchased routinely, do not become part of finished goods, and are expense items rather than capital goods are called

• A) raw materials.
• B) installations.
• C) accessory equipment.
• D) component parts.
• E) process materials.

---

Definitions:

Logistics

The detailed coordination and implementation of complex operations, often relating to the transportation and storage of goods from point of origin to point of consumption.

Production

The process of creating goods and services, involving the transformation of inputs into finished products.

Enterprise Resource Planning (ERP)

Integrated management software systems used by organizations to manage day-to-day business activities, such as accounting, procurement, project management, and manufacturing.

E-learning

Learning conducted via electronic media, typically on the Internet, enabling users to learn anytime and anywhere.