Speciality Eye Glass Manufacture Is an Example of Which Process

question 10

Multiple Choice

Speciality eye glass manufacture is an example of which process type?

• A) Project
• B) Job shop
• C) Batch production
• D) Mass production

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Definitions:

S-Type Corporations

A special designation that allows profits to be passed directly to shareholders without being subjected to corporate income taxes, but with limitations on number and type of shareholders.

Double Taxation

A situation in which the same income is taxed twice; this commonly applies to corporate income taxed at both the company level and again when distributed to shareholders as dividends.

Treasurer

An officer of a company or organization responsible for managing financial risks, investments, and treasury operations.

Expected Profit

The forecasted gain or loss from a business venture or investment, calculated by multiplying the potential outcomes by their probabilities.