Biotex Is an Enterprise That Is Composed of Three Parts

question 38

Multiple Choice

 Biotex is an enterprise that is composed of three parts.Its biotech section,which is working to develop crops that are pest and disease-resistant,provides about half of its sales.Pharmaceuticals from its G.D.Searle subsidiary contribute a third of its revenues; and food products,dominated by the artificial sweetener NutraSweet,make up less than 20 per cent of its total revenue.These three divisions under Biotex would generally: 

• A) have no competitors.
• B) lack the power to operate independently.
• C) have centralized planning and management.
• D) have their own distinct missions.

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Definitions:

Raw Materials Inventory

Stocks of the basic raw materials that are input into a manufacturing process and are waiting to be processed or used.

Ending Balance

The amount of money or value in an account at the end of a financial reporting period, after all additions and subtractions have been accounted for.

Cost of Goods Manufactured

The entire cost associated with the production of finished goods within a certain timeframe, encompassing expenses for labor, materials, and overhead.

Ending Balance

The ending balance is the final amount in an account at the conclusion of a period after all debits and credits have been accounted for.