Which of the Following Emerging Themes in Cost Accounting Deals

question 30

Multiple Choice

Which of the following emerging themes in cost accounting deals with managers striving to create an environment that will enable workers to manufacture perfect (zero-defect) products?

• A)advances in information technology
• B)time as a competitive element
• C)global competition
• D)total quality management

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Definitions:

Compensation

The total amount of the monetary and non-monetary pay provided to an employee in return for work performed as required.

Two-Tier Wage System

An employment system where new employees are paid less than existing employees for doing the same job, often used to reduce costs.

Product Market

The marketplace where final goods or services are traded between sellers and buyers, focusing on competition, supply, and demand dynamics.

Customer Bases

The group of customers who repeatedly purchase the goods or services of a business.