Which of the Following Is Not an Innovation in Materials

question 88

Multiple Choice

Which of the following is not an innovation in materials technology?

• A)Just- in- time (JIT)inventory systems
• B)Computer- aided design (CAD)
• C)Quality control circles
• D)Computer- aided materials management (CAMM)

Calculate variable and fixed costs at different activity levels.

Understand the distinction between product costs and period costs.

Compute average costs per unit for variable, fixed, and total costs within the relevant range.

Understand the specific groups and individuals instrumental in the development and history of career counseling.

---

Definitions:

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board that are becoming the global standard for the preparation of public company financial statements.

Recoverable Costs

Expenditures that a company expects to recover in the future through tax deductions, reimbursements, or as contracts costs.

Critical Event

A significant occurrence or change that impacts an organization's operations or decision-making process.

Measurability Conditions

Criteria used to determine whether the financial impact of an event can be reliably measured and should be recognized in the financial statements.