A Well-Functioning Financial System Does All of the Following Except

question 46

Multiple Choice

A well-functioning financial system does all of the following except:

• A) foster economic growth by directing savings to its most productive use.
• B) allocate risk among market participants.
• C) eliminate risk through diversification.
• D) direct resources from savers to borrowers.

Describe the three major categories of manufacturing costs.

Understand the purpose and components of a manufacturing statement.

Identify costs not included in factory overhead.

Understand the formula for calculating cost of goods manufactured.