Dolly Salem Owns and Operates a Bakery in Charleston,South Carolina

question 74

Multiple Choice

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file of recipes that list the ingredients used to make her famous cakes and cookies.These recipes are examples of a(an)

• A)bill of materials.
• B)operations list.
• C)production order.
• D)materials requisition.
• E)move ticket.

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Definitions:

Corporation

is a legal entity that is separate and distinct from its owners, providing them with limited liability, and it has the ability to enter into contracts, loan and borrow money, sue and be sued, and pay taxes.

Financial Assets

Economic resources or ownerships that are convertible into cash or will generate cash in the future, such as stocks or bonds.

Capital

In finance, it refers to the financial assets or resources that individuals or enterprises use for investing, producing goods, or services.

Real Assets

Physical or tangible assets that have intrinsic value due to their substance and properties, such as real estate, commodities, or natural resources.