A large furniture manufacturer is building a new facility and has decided to purchase land next to their largest lumber supplier. This relates to which consideration when selecting a new facility location?
A) Access to key resources
B) Cost of construction and operation
C) Availability and cost of labor
D) Proximity to major customers
E) Design planning
Question 2 - Avery needs to purchase a new computer for school. He looks at two laptops that have 18-inch screens, 16 GB of memory, and DVD/CD drives. One costs 850 and the other costs 700. Avery can use the prices of the laptops to determine which is a better deal. Which function of money does this illustrate?
A) Unit of account
B) Measure of value
C) Medium of exchange
D) Measure of durability
E) Store of value
Question 3 - Exxon is building a new oil refinery. It is evaluating three different locations, all of which are located next to ocean ports, where the majority of imported oil arrives from other countries. This relates to which consideration when selecting a new facility location?
A) Design planning
B) Access to key resources
C) Availability and cost of labor
D) Proximity to major customers
E) Cost of construction and operation
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