Which of the Following Terms Refers to Products,indirect Materials or Consumable

question 51

Multiple Choice

Which of the following terms refers to products,indirect materials or consumable items which are necessary for keeping the organization running in general,and for the support activities in particular? 

• A) Maintenance, repair and operating materials. 
• B) Supplies 
• C) Consumables 
• D) Tangible goods

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Definitions:

Expected Utility

A concept in economics that calculates the utility expected from different outcomes, taking into account their probabilities.

Total Utility

The complete contentment derived from the consumption of a specific amount of a product or service.

Fair Bet

A gamble where the expected value of the potential outcomes is equal, implying that there is no net advantage or disadvantage to participating.