You Are the General Manager of the Machining Products Division

question 192

Multiple Choice

You are the general manager of the machining products division of a diversified manufacturing company in Des Moines, Iowa. You primarily produce machining products for sale to wholesalers around the world. However, you periodically get requests from other divisions in your company to purchase your products. You treat these purchase requests the same as a purchase request from a non-affiliated entity. You sell your machining products to other internal divisions at a price that is equivalent to a market-based cost.This is example of which of the following types of business pricing? ​

• A)Freight absorption pricing
• B)Uniform geographic pricing
• C)Transfer pricing
• D)Zone pricing
• E)Base-point pricing

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Definitions:

Population Proportion

Refers to the fraction or percentage of individuals in a population having a particular property or characteristic.

Large Animals

Typically refers to animals of a considerable size, often used in contexts related to veterinary science, zoology, or animal husbandry.

Large-Sample Z

A statistical test used when comparing sample proportions or means with a large sample size, typically using a Z-distribution.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a certain degree of confidence.