An Example of a Business/industry That Uses Batch Flow and Makes

question 6

Multiple Choice

An example of a business/industry that uses batch flow and makes to stock is:

• A)Oil refining
• B)Machine shop
• C)Customized paintings
• D)Hospital

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Definitions:

Transfer Payment

Payments made by the government to individuals or other entities without the exchange of goods or services, such as welfare or social security.

Sales Taxes

Taxes imposed on the sale of goods and services, typically calculated as a percentage of the purchase price, paid by the consumer at the point of sale.

Excise Taxes

Taxes paid when purchases are made on a specific good, such as gasoline or tobacco, often included in the price of the product.

Transfer Payments

Payments made by the government to individuals for which no goods or services are required in return, such as welfare benefits and pensions.