The Business Entity That Converts Purchased Raw Materials into Finished

question 68

Multiple Choice

The business entity that converts purchased raw materials into finished goods by using labor,technology,and facilities is a:

• A)Manufacturer.
• B)Merchandiser.
• C)Service business.
• D)Not-for-profit service agency.

---

Definitions:

Data

The facts and figures collected, analyzed, and summarized for presentation and interpretation.

Nominal Scale

A measurement scale used for categorization without a natural order or rank.

Numeric

Relating to, measurable in, or expressed as numbers or numerical data.

Nonnumeric

Pertaining to data that cannot be quantified or counted numerically, typically qualitative data.