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1. It is the definition of a manufacturing business.
A. The manufacturing business is any business that uses components,
parts, or raw materials to make a finished good.
B. The manufacturing business is the business which transforms
inputs into outputs through the use of tools, human labor,
machinery, and chemical processing.
C. Manufacturing business includes the process of turning raw
materials into finished goods.
D. All of the above
2. Below are the examples of a manufacturing business, EXCEPT.
A. Machinery and Equipment
B. Rubber and Plastic Products
C. Wearing Apparel
D. Medical Clinic
3. It refers to the cost advantage experienced by a firm when it increases its
level of output.
A. Cost Efficiencies
B. Economies of Scale
C. Budget Constraints
D. Production Costs
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Sagot :
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