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What type of company resells products it previously purchased ready-made from suppliers?

 What type of company resells products it previously purchased ready-made from suppliers?

A) Merchandiser

B) Retailer

C) Wholesaler

D) All of the above

12) Before these materials are used to manufacture its cars, Honda classifies steel, glass, and plastic as:

A) finished goods inventory.

B) raw materials inventory.

C) work in process inventory.

D) merchandise inventory.

13) Wal-Mart classifies its clothing held for sale as:

A) finished goods inventory.

B) raw materials inventory.

C) work in process inventory.

D) merchandise inventory.

14) How would Honda classify its partially completed vehicles?

A) Finished goods

B) Raw materials

C) Supplies

D) Work in process

15) Which of the following types of company is the fastest growing in the Canada?

A) Service

B) Merchandising

C) Manufacturing

D) None of the above

16) Which of the following is characteristic of a service company?

A) Service companies generally have no tangible products to sell.

B) Service companies have a single category of inventory.

C) Service companies make a product.

D) Service companies transform raw materials into finished goods.

17) A lawn mowing business would be classified as a:

A) manufacturing company.

B) merchandising company.

C) service company.

D) simple company.

18) A law firm would be classified as a:

A) manufacturing company.

B) merchandising company.

C) service company.

D) simple company.

19) Intel Corporation makes computer chips. Intel Corporation would be classified as a:

A) manufacturing company.

B) merchandising company.

C) service company.

D) simple company.

20) ________ has/have three types of inventory.

A) A service company

B) A merchandising company

C) A manufacturing company

D) All of these companies

Dec 07 2019 View more View Less

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