Which of the Following Might Not Be Included in an Action

question 6

Multiple Choice

Which of the following might not be included in an action plan?

• A) the person responsible for carrying out each action
• B) the compensation provided to the person responsible for completing each action
• C) the person responsible for monitoring the timeliness of each action
• D) contingency plans
• E) the dates to begin and end each action

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Definitions:

Work in Process

Inventory category referring to goods that are in the process of being manufactured but are not yet completed.

Process Costing

Process costing is a method of assigning production costs to units of output in industries where the products are indistinguishable from each other and produced in a continuous process.

Weighted-Average Method

An inventory costing method that assigns an average cost to each unit of inventory, factoring in both the cost and quantity of goods available.

Material Cost

The total expense incurred to acquire materials used in the making of a product, including direct and indirect materials.