In a process costing system, unit cost is computed
A) on the basis of productive output for a period of time.
B) for each job worked on.
C) for direct materials costs only.
D) only for the last production process.
A
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Efficiency measures, as the term is used in the service efforts and accomplishments (SEA) literature, can be described as:
A. Measures that relate costs to outcomes. B. Measures that relate to the amount of financial and nonfinancial resources used in a program or process. C. Measures that reflect either the quantity or quality of a service provided. D. Measures that relate the quantity or cost of resources used to units of output.
Depreciation does not measure the decline in market value of an asset each period.
Answer the following statement true (T) or false (F)
Of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook, which one of the following is not in the list?
A. Failure to provide readily available servicing for the product. B. Failing to modify products to meet cultural preferences of other countries. C. Failure to set up an export management company. D. Failing to provide sales and warranty information in locally understood languages.
The belief that the freedom to determine prices and competition without the interference of the government or the guilds would result in the best economic outcome is:
a. traditional economics. b. command economy. c. laissez-faire economics. d. mixed economy.