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Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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uten of gribioose than notlibor odhod I. Write True if the statement is correct. Otherwise, write False and state your reason briefly. 1. Poratio 2. A bakeshop is classified as a merchandising entity. que hi esvaines li Moi 901 risiqx2 ship. 4. Law offices are service businesses. 3. A tailoring shop is considered as a manufacturing entity. 5. Schools are manufacturing entities. cattivin A Iluomenys and eduto unito cowong mot mol of 85, 929di anirs wens and 6. The important elements of the production system are the input, the transformation process, and the output. 7. Input includes materials, manpower, and machine. 8. The four Ms in the production operation are the materials, manpower, machine, and money. 9. Manpower in production operation refers to the workers involved in the production of goods.
Transcribed Image Text:uten of gribioose than notlibor odhod I. Write True if the statement is correct. Otherwise, write False and state your reason briefly. 1. Poratio 2. A bakeshop is classified as a merchandising entity. que hi esvaines li Moi 901 risiqx2 ship. 4. Law offices are service businesses. 3. A tailoring shop is considered as a manufacturing entity. 5. Schools are manufacturing entities. cattivin A Iluomenys and eduto unito cowong mot mol of 85, 929di anirs wens and 6. The important elements of the production system are the input, the transformation process, and the output. 7. Input includes materials, manpower, and machine. 8. The four Ms in the production operation are the materials, manpower, machine, and money. 9. Manpower in production operation refers to the workers involved in the production of goods.
.MPOWER REA 10. Only direct materials or materials that form part of the product are include in the production process. teise
Transcribed Image Text:.MPOWER REA 10. Only direct materials or materials that form part of the product are include in the production process. teise
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