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Marketing Final Exam

07 7 top aacsb reflective msc blooms knowledge 77 no

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Unformatted text preview: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 76. Products that have had some processing, are used directly in the production of other products, and do not retain their identity in the final product are called: a. raw materials b. supplies c. processed materials d. component parts e. replacement parts ANS: C This describes processed materials. PTS: 1 REF: 114-115 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Knowledge 77. No-Glut is a small company that manufactures several gluten-free products for consumers who cannot digest this substance. For this manufacturer, rice flour, which will be used in its manufacturing process, is: a. accessory equipment b. fabricating material c. a component part d. an integrated material e. processed material ANS: E Processed materials are products used directly in manufacturing other products. PTS: 1 REF: 114-115 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 78. A dog food manufacturer purchases processed meat by-products that it uses in the manufacture of a dry dog food. These processed meat by-products are examples of: a. raw materials b. OEM products c. processed materials d. component parts e. replacement parts ANS: C Processed materials are used in the manufacture of another product and do not retain their original identity. PTS: 1 REF: 114-115 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 79. Metalcrafter Enterprise manufactures stamped brass door plates, brass numbers, and other decorative brass trim for homes. Every month, Metalcrafter purchases sheets of brass, which are classified as: a. processed materials b. fabricating supplies c. raw materials d. component parts e. replacement parts ANS: A Processed materials are used in the manufacture of another product and do not retain their original identity. PTS: 1 REF: 114-115 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 80. _____ are consumable, inexpensive, and often standardized items that do not become part of the final product. a. b. c. d. e. Processed materials Supplies Provisions Accessory equipment Replacement parts ANS: B This is the definition of supplies. PTS: 1 REF: 115 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Knowledge 81. Another name for business supplies like pens, paper, and file folders is: a. processing goods b. components c. OEM parts d. MRO items e. accessories ANS: D MRO stands for maintenance, repair, or operating supplies. PTS: 1 REF: 115 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Knowledge 82. At an accounting firm, the secretary orders printer cartridges, cases of paper, paper clips, and other small items. These items would be classified as: a. replacement parts b. provisions c. OEM parts d. accessory equipment e. supplies ANS: E Supplies are consumable,...
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