Surveys of Employees Often Find Which One of the Following

question 16

Multiple Choice

Surveys of employees often find which one of the following is the "preferred source" of information?

• A)The "grapevine"
• B)The organization's website
• C)The weekly employee publication
• D)The chief executive officer
• E)The immediate supervisor

Recognize the importance and computation of the cost of goods available for sale.

Identify different incentives for prompt payment by customers.

Calculate the effects of sales discounts on cash receipts.

Understand the normal credit balance of various accounts.

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Definitions:

Economies of Scale

The cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost of production.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the cost per unit of output.

Operation Size

The scale or scope of a business's activities, ranging from small, single-location operations to large, multinational corporations.

Diseconomies of Scale

A situation where a company or organization grows so large that the costs per unit increase.