It Is Often Difficult for Firms to Keep Track of Product

question 100

Multiple Choice

It is often difficult for firms to keep track of product costs. This is attributed to which of the following?

• A)Products are assembled in one country and sold all over the world.
• B)Product components are manufactured in different countries.
• C)None of the above.
• D)a and b only.

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Definitions:

Soybeans

A species of legume native to East Asia, widely grown for its edible bean which has numerous uses.

Opportunity Cost

The value of the best alternative foregone when a decision is made to choose one option over others.

Soybeans

A leguminous plant from East Asia, extensively cultivated for its consumable beans that serve in a multitude of edible goods and as a source for oil.

Alfalfa

A perennial flowering plant widely cultivated as fodder for livestock due to its high nutrient content.