Marketing Final Exam

Marketing Final Exam

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Unformatted text preview: chines sold by Claas would be examples of: a. installations b. component parts c. accessory equipment d. processed materials e. minor equipment ANS: A Installations, also called major equipment, are expensive and large. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 65. Southeastern Concrete Company has 15 concrete trucks. The company’s accountant depreciated the value of the vehicles over several years. What type of business product is the concrete truck? a. Major equipment b. A component part c. Processed material d. A fabricating item e. Accessory equipment ANS: A Major equipment is depreciated over time rather than charged as an expense in the year it is purchased. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 66. Which type of business product represents goods, such as portable tools and office equipment, that are less expensive and shorter-lived than major equipment? a. Accessory equipment b. Component parts c. Processed goods d. Supplies e. Intermediate goods ANS: A This is the definition of accessory equipment. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Knowledge 67. Copying machines, personal computers, and fax machines are typically classified as _____ because they are not expensive, have short useful lives, and are frequently purchased from local distributors. a. accessory equipment b. mobile equipment c. component parts d. processed materials e. supplies ANS: A Accessory equipment is generally less expensive and shorter-lived compared to major equipment. Accessory equipment also tends to be purchased by a widely dispersed market. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 68. For a police department, firearms, computers, printers, and fax machines are all examples of _____ because they are shown as expenses on the yearly accounting statements. a. mobile installation b. component part c. processed material d. supply e. accessory equipment ANS: E Accessory equipment is generally less expensive and shorter-lived than major equipment and is often charged as an expense in the year it is bought rather than depreciated over its useful life. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS Application 69. Which of the following is the BEST example of accessory equipment? a. A parking lot b. A store display rack c. Accounting services d. A river barge e. Light bulbs ANS: B Accessory equipment is generally less expensive and shorter-lived compared to major equipment and is used in the conducting of business. Accessory equipment also tends to be purchased by a widely dispersed market. Light bulbs are supplies. Accounting services represent a business service. PTS: 1 REF: 113 Thinking KEY: CB&E Model Product OBJ: 07-7 TOP: AACSB Reflective MSC: BLOOMS E...
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This document was uploaded on 09/29/2013.

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