Match the Term with Its Definition

question 108

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A systematic, step-by-step method for on-the-job training of nonmanagerial employees

• A)Cafeteria plan
• B)Employee training
• C)Job description
• D)Job Instruction Training
• E)Job specification
• F)On-the-job training
• G)Reliability
• H)Validity

Compute the ratio of accounts receivable to net sales.

Determine inventory levels and average inventory.

Understand the concept of working capital ratio.

Analyze financial performance by comparing actual results to budgeted amounts.

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Definitions:

Activity-Based Costing

A detailed approach to determining the cost of a product or service by attributing overhead costs based on each product's activities.

Activity Cost Pools

Groups of individual costs caused by specific activities, used in activity-based costing to allocate costs to products or services.

Overhead Cost Per Unit

The allocation of total fixed and variable manufacturing overhead costs to individual units of product.

Product F

A specific item or good produced by a company, referred to as "Product F" for identification or category purposes.