Business Chapter 13 Study Guide Questions And Correct Answers

Continuous Processing {Ans: raw materials constantly move through specially designed equipment, changing them into a specific product useable for consumption or for further manufacturing}Mass Production {Ans: an assembly process that makes a large number of identical products using a continuous efficient procedure}Pure research {Ans: research done without a specific product in mind with the goal of discovering new solutions to problems}Information Managment {Ans: uses technology to access and exchange information to complete the work of an organization}Operating budget {Ans: detailed financial plan for a specific area of the business}Processed Goods {Ans: products that have been changed in form to increase their value and usefullness}