Items such as sheet metal, treated lumber, corn syrup, and plastics are examples of _____
a. raw materials
b. processed materials
c. installations
d. MRO supplies
ANSWER: b
Processed materials are products used directly in manufacturing other products. Examples include sheet metal, chemicals, corn syrup, specialty steel, treated lumber, and plastics.
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The first step of the strategy process is developing a ________ _________, ___________, and a set of ____________ ______________.
Fill in the blank(s) with the appropriate word(s).
Donald Corp reported the following on its comparative income statement (in millions)
2017 2016 2015 Revenue $728 $675 $500 Cost of goods sold 312 258 220 Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2016 and 2017. (Round your percentage answers to two decimal places.) What will be an ideal response