Many Parts Can Be Purchased Off the Shelf

question 2

Multiple Choice

Many parts can be purchased off the shelf. They are like commodities in the sense that they are standardized. In effect, they are _____________ according to specifications established by an industry, professional association, or independent testing organization.

• A) made to standard
• B) made to specifications
• C) made to stock
• D) made to order
• E) made to design

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Definitions:

Sales Clerk

An employee who handles the exchange of goods for payment, typically in a retail setting, assisting customers in finding products and completing purchases.

Daily Sales

The total revenue generated from goods or services sold by a company during a single day.

Static Budget

A fixed budget that does not change with actual activity levels, designed for planning purposes.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, providing a more useful tool for performance evaluation.