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How would a businesss computers be classified?
The business product classification that includes computers, copiers, and desks is capital items. Capital items are long-lasting goods that are used by businesses in their production process, such as machinery, equipment, and furniture.
Do businesses commonly use cash registers with tapes that accumulate a record of the days cash receipts?
Explanation: The statement in the question is true. Businesses commonly use cash registers with tapes that accumulate a record of the days cash receipts. Cash registers provide a way for businesses to track and document their daily transactions, including cash sales.
What is an example of a noneconomic want?
Sunshine, fresh air, and friend- ship are all noneconomic wants. They do not involve the exchange of money and, therefore, are considered to be free goods. For our pur- poses, we will be discussing economic wantsdesires for goods and services which can be satisfied through the use of limited resources such as money.
Which of the following is an industrial good?
Industrial goods include machinery, manufacturing plants, raw materials, and any other product or component used by producers.
What are cash register tapes and shipping forms used by a business would be classified as?
In an industrial context, cash-register tapes and shipping forms are classified as Supplies. They are materials used in daily business activities, and differ from machines or equipment.
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Related Q&A to Cash register tapes and shipping used by would be classified as industrial Business Form
Which is an example of an economic want?
Like for example food, shelter, clothing, etc are economic human wants. And those which cannot be bought are non-economic wants like peace, love, affection, etc.
What type of industrial product would bolts be?
Fasteners are objects that are used to join two or more pieces of metal together. There are many different types of fasteners, but some of the most common are bolts, screws, nuts, washers, and rivets. Bolts are cylindrical objects that have a head on one end and a threaded shaft on the other.