INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 5

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
The majority of consumer loans are made with [ fixed | variable ] interest rates.

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Definitions:

Raw Materials

Basic materials used in the production process, not yet transformed into finished goods.

Finished Product

Goods that have been completed through the manufacturing process and are ready to be sold.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.

Product or Service

The final output offered by a company to consumers, which can either be a tangible item (product) or an activity benefiting the customer (service).