Equivalent production is also called

a. conversion costs.
b. completed work cell unit.
c. equivalent units.
d. percentage-of-completion.


C

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Organizational dimensions, the outer layer of the diversity wheel, include all of the following except

A. management status. B. union affiliation. C. seniority. D. work location. E. ethnicity.

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Which of the following is TRUE for distributor brands?

A) They sell at higher volumes than national brands and are also known as generics. B) They are usually sold at higher prices than national brands because production costs are higher. C) They are always of better quality than national brands as production is strictly monitored. D) They can generate a higher profit margin because of their lower cost structure. E) Advertising costs for distributor brands are much higher than those for national brands.

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The detailed records of purchases and sales maintained under the perpetual inventory system make which costing method more practical than when a periodic system is used?

A) Specific identification B) Average-cost C) LIFO D) FIFO

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Which sentence is punctuated correctly?

A) Customer service must be a priority of all employees ignoring our customer needs will surely put us out of business. B) Customer service must be a priority of all employees, ignoring our customer needs will surely put us out of business. C) Customer service must be a priority of all employees; ignoring our customer needs will surely put us out of business.

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