The Development of Specifications for the Manufacturing Equipment Needed to Make

question 5

Multiple Choice

The development of specifications for the manufacturing equipment needed to make the product is the responsibility of:

• A) engineering.
• B) marketing.
• C) accounting.
• D) purchasing.

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Definitions:

Office Supplies

Items used in offices for daily operations, such as paper, pens, and other stationery items, usually considered short-term assets.

Credit Memo

A paper provided by the seller to the buyer that decreases the amount the buyer must pay to the seller, as per a previously issued invoice.

Note Receivable

A written promise for the payment of a specified amount of money, by a debtor to the lender, with interest, at a future date.

Journalize

The process of recording financial transactions in a journal, which is the first step in the accounting cycle.