WGU C720 All Book Quizzes, Unit Test, Pre-Assessment,

WGU C720 All Book Quizzes, Unit Test, Pre-Assessment, Vocab & Comprehensive Study Materials to pass the OBJECTIVE ASSESSMENT 1.Choose the product below that best represents an example of a physical good or tangible product manufactured by an organization.A.Bus transportation B.Smartphone C.Hair styling ANS B 2.Choose the product below that best represents an example of a service or intangible product provided by an organization.A.Furniture B.Apparel (Clothing) C.Security protection ANS C 3.Is the following an output or an input?People ANS Input 4.Is the following an output or an input?Services ANS Output 1 / 3

5.Is the following an output or an input?Goods ANS Output 6.Is the following an output or an input?Capital ANS Input 7.Is the following an output or an input?Material ANS Input 8.Is the following an output or an input?Energy ANS Input 9.True or False The operations within an organization produce the goods and services that meet the demands of society and create value for the consumers who benefit from the outputs which are worth more to the customer than the total cost of the inputs ANS True 2 / 3

10.True or False Producers of goods and producers of services both acquire and manage in- puts throughout a transformation process that produces a final output.ANS True 11.True or False Service providers do not produce products because they are not part of the manufacturing sector. ANS False 12.Is the following a good or a service?Starter motors ANS Good 13.Is the following a good or a service?Gasoline ANS Good 14.Is the following a good or a service?Air conditioner ANS Good 15.Is the following a good or a service?Furniture ANS Good 16.Is the following a good or a service?Highway ANS Good