Which of the Following Products Is NOT Made from Petroleum

question 84

Multiple Choice

Which of the following products is NOT made from petroleum?

• A)plastics
• B)detergents
• C)perfumes
• D)tires

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Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit.

Selling Expenses

Costs incurred directly from the sale of goods or services, including advertising, sales commissions, and the salaries of sales staff.

Total Manufacturing Costs

The complete sum of all expenses directly involved in the production of a product, including direct materials, direct labor, and manufacturing overhead.

Markup

Markup refers to the difference between the selling price of a good or service and its cost, expressed as a percentage over the cost. It is used to cover expenses and generate profit.