Raw materials
A) Are sold to OEMs for use in the products they manufacture
B) Are parts assembled into the final product without further transformation
C) Facilitate a firm's achievement of its objectives, but are not part of the final product
D) Are also called installations
E) Are products sold to users for use in the company's operations

Question

Quizplus · Accepted Answer

Raw materials are sold to original equipment manufacturers (OEMs) for use in the products they manufacture.

Answer: B
 Raw materials are parts assembled into the final product without further transformation.

Answer: C
 Raw materials facilitate a firm's achievement of its objectives, but are not part of the final product.

Answer: E
 Products sold to users for use in the company's operations are typically referred to as supplies or consumables, not raw materials. Therefore, this choice is incorrect.

Answer: D
 Installations refer to fixed assets that are required for a business to operate, such as machinery, buildings or equipment. Therefore, this choice is also incorrect.

Raw Materials