________ Refer to Treasury Issues in Which the Principle Amount

question 19

Multiple Choice

________ refer to treasury issues in which the principle amount is tied to the Consumer Price Index to protect the buyer against the effects of inflation.

• A) Treasury notes
• B) Treasury bills
• C) Treasury bonds
• D) TIPS
• E) Municipal bonds

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Definitions:

Direct Materials Dollars

The total cost of all the raw materials used in the production of a product.

Factory Overhead Rate

Factory overhead rate is the method of allocating indirect manufacturing costs, like utilities and rent, to individual units of production based on a specific allocation base.

Assembly Department

a division within a manufacturing plant where components are put together to create a final product.

Direct Labor Hour

The amount of time employees directly involved in manufacturing spend on producing a specific unit of output.