In Which of the Following Company Types Does a Manager

question 59

Multiple Choice

In which of the following company types does a manager use an operating expenses budget?

• A)Manufacturing
• B)Merchandising
• C)Service
• D)All of the above

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Definitions:

Quantity Supplied

The volume of a commodity or service that producers are prepared and able to supply at a specified price within a certain timeframe.

Equilibrium Price

The price point at which the supply of an item matches the demand for it, resulting in a stable market situation without excess or shortage.

Equilibrium Quantity

The quantity of a good or service at which supply equals demand, resulting in no net surplus or shortage in the market.

Ironing Boards

Flat, foldable boards used as a stable surface for ironing clothes and linens.