Two VALS Segments Stand Apart

question 198

Multiple Choice

Two VALS segments stand apart. One segment represents the group with the highest resources and the other segment represents the lowest. These two groups are the ________ and the ________.

• A) Thinkers; Believers
• B) Strivers; Survivors
• C) Achievers; Strivers
• D) Innovators; Survivors
• E) Experiencers; Makers

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Definitions:

Net Operating Income

Income generated from regular business operations, excluding deductions for interest and taxes.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including costs related to factory equipment maintenance, factory management salaries, and utilities.

Period Cost

Expenses that are not directly tied to the production process and are charged to the period in which they occur, such as selling and administrative expenses.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and are significant in cost.