When Picking Out a Car and Determining Needs Vs

question 8

Multiple Choice

When picking out a car and determining needs vs.wants,a person should ask him or herself all of the following questions except:

• A) How much cargo do you carry?
• B) Do you want a manual or automatic transmission?
• C) Do you need two-wheel drive,all-wheel drive,or four-wheel drive?
• D) All choices are correct

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Definitions:

Valve Division

A specialized department within a company focused on the production and distribution of valves.

Transfer Price

The price charged between related entities within the same corporation for goods and services exchanged.

Outside Supplier

A third-party entity that provides goods or services to a company, which are not produced in-house.

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, indicating how much revenue contributes to fixed costs and profits.