Which of the Following Statements Is TRUE of Costing Systems

question 37

Multiple Choice

Which of the following statements is TRUE of costing systems?

• A) A process costing system would be used by manufacturers of custom-made perfumes.
• B) A job order costing system would be used by manufacturers of baking utensils.
• C) A construction company would likely use a process costing system.
• D) An accounting firm would likely use a job order costing system.

---

Definitions:

Cross-functional Teams

Teams composed of members from different departments within an organization, working towards a common goal.

Virtual Teams

Groups of people who work together toward common goals through electronic communications technology, despite geographical separation.

Virtual Teams

Groups of individuals who work together from different geographical locations, connected by technology such as email, video conferencing, and collaborative software.

Information Sharing

The practice of distributing or exchanging information within an organization or between entities to facilitate decision-making, collaboration, and problem-solving.