Which of the following is a difference between component parts and supplies?
a. Component parts require extensive processing before they become part of another product, while supplies do not.
b. Component parts are consumable items, while supplies are finished items.
c. Component parts become part of a final product, while supplies do not.
d. Component parts are inexpensive when compared to other business products, while supplies are expensive.
ANSWER: c
Component parts become part of a final product, while supplies do not. Component parts are either finished items ready for assembly or products that need very little processing before becoming part of some other product. Supplies are consumable items that do not become part of the final productâ€"for example, lubricants, detergents, paper towels, pencils, and paper.
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