Match Each Phrase That Follows with the Term (A-E) It

question 61

Multiple Choice

Match each phrase that follows with the term (a-e) it describes.
-The portion of whole units that are complete with respect to materials or conversion costs

• A)Cost of production report
• B)Equivalent units of production
• C)Manufacturing cells
• D)Yield
• E)Lean manufacturing

Analyze the impact of transactions involving assets and liabilities on cash flows.

Calculate net cash provided/used by operating activities using the indirect method from given financial information.

Understand the classification of cash receipts and payments in the direct method of preparing a statement of cash flows.

Determine the cash effects of transactions and events related to investing and financing activities.

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Definitions:

National Industrial Recovery Act

A 1933 U.S. legislation aimed at boosting economic growth by reducing unemployment and increasing purchasing power through regulations on wages, prices, and working hours.

Fixed Prices

Prices that do not change in response to market conditions.

Corporate Taxes

Government levies placed on the earnings or profits of businesses.

Economic Environment

The total of economic factors, such as employment, income distribution, and investment opportunities, that influence the behavior of consumers and businesses.