Which of the Following Is an Example of a Financial

question 11

Multiple Choice

Which of the following is an example of a Financial Service? 

• A) Buildings maintenance. 
• B) Salary administration. 
• C) Risk management. 
• D) Security.

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Definitions:

First-In, First-Out

A method of valuing inventory in which the first items bought or manufactured are the first ones to be sold or utilized.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service.

Manufacturing Cells

A layout design in manufacturing where equipment and workstations are arranged to optimize the production process, often by grouping together different machines used for similar processes.

Lean Production

A manufacturing methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.