All of the Following Are Advantages of the Ranking Method

question 47

Multiple Choice

All of the following are advantages of the ranking method of job evaluation EXCEPT that:

• A)rankings are easy to defend and justify.
• B)the evaluation process is fast.
• C)the evaluation process is inexpensive.
• D)the evaluation process is not complex.

Compute the cost per equivalent unit using the average cost method.

Prepare costing reports for production departments under varying inventory costing methods.

Understand the treatment and journalization of direct and indirect materials and labor costs.

Learn the process of transferring costs between departments and to finished goods.

---

Definitions:

Semi-annually

Semi-annually refers to an event or action occurring twice a year, or every six months.

Coupon Rate

The interest rate stated on a bond when it's issued which indicates the percentage of the principal to be paid annually as interest.

Intrinsic Value

The actual, fundamental worth of an asset, calculated based on an objective analysis of underlying factors.

Conversion Ratio

The specific number of shares of stock that a holder can convert a convertible security into.