Intermediaries Perform Three Basic Functions

question 73

Multiple Choice

Intermediaries perform three basic functions.According to Figure 15-2 above,"B" represents a(n) __________.

• A)logistical function
• B)transactional function
• C)middleman function
• D)facilitating function
• E)operational function

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Definitions:

Direct Labor-hour

A measure of the total time workers or employees spend creating a product, which is used in calculating the labor cost involved in production.

Finished Goods Inventories

Products that have completed the manufacturing process but have not yet been sold to customers.

Direct Labor Costs

The wages paid to workers directly involved in the production of goods or services.

Cash Disbursements

Payments made by a business, including expenses, debt payments, and purchases of assets.