The Biggest Difference Between Contests and Sweepstakes Is That

question 7

Multiple Choice

The biggest difference between contests and sweepstakes is that:

• A)contests can require an entry fee, and sweepstakes cannot.
• B)contests generate long-term interest in a brand, and sweepstakes generate immediate interest.
• C)contests require skill, and sweepstakes require luck.
• D)contests focus on the game, and sweepstakes focus on the brand.

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Definitions:

Equivalent Units

A concept in cost accounting used to convert the quantity of partially completed goods into a full equivalent number based on their stage of completion.

Process Manufacturing

A production method that adds value by converting raw materials using a continuous or batch process into finished goods.

Unique Items

Unique items refer to goods or products that are distinct due to their characteristics, design, or limited availability, making them stand out from regular or mass-produced items.

Process Cost System

A type of cost accounting system that provides product costs for each manufacturing department or process; a type of cost system that records product costs for each manufacturing department or process within a manufacturing facility.