In General, Buying in Bulk Is Environmentally Friendly Because It

question 4

Multiple Choice

In general, buying in bulk is environmentally friendly because it ___________

• A)encourages people to eat or use just a little bit more than smaller sizes
• B)reduces packaging waste
• C)recycles materials that would otherwise wind up in a landfill
• D)allows consumers to save money by purchasing larger amounts of an item for less
• E)encourages people to eat less or use less of a product

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Definitions:

Standard Cost System

An accounting system that assigns predetermined costs to products and services, which are then compared to actual costs for variance analysis.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are a significant portion of production costs.

Raw Materials Inventory

The stock of basic materials that are used in production but have not yet been processed.

Standard Costs

Predetermined or budgeted costs for materials, labor, and overhead, used as benchmarks to measure actual performance and manage costs.