In the Advanced Economies,________ of the Factories Use Advanced Capital

question 133

Multiple Choice

In the advanced economies,________ of the factories use advanced capital equipment and in the developing economies ________ of the factories use advanced capital equipment.

• A) virtually all; virtually all
• B) some; some
• C) virtually all; none
• D) some; none of
• E) virtually all; some

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Definitions:

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remain constant regardless of the level of production, such as property taxes on factory buildings or salaries of production supervisors.

Deferred

Costs or revenues that are recognized at a future date rather than when initially incurred or received.

Released

In a manufacturing or production context, this term refers to products or goods that have been completed and are ready to be shipped or sold.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.