Once a Client's File Is Closed, You

question 5

Multiple Choice

Once a client's file is closed, you

• A) no longer have a responsibility to maintain confidentiality.
• B) still have an obligation to maintain confidentiality.
• C) can talk about the file with family, but no one else.
• D) None of these choices is correct.

Compute the cost of goods completed and transferred to finished goods.

Reconcile total costs to account for in process cost summaries.

Understand the conceptual foundation and importance of cost accounting systems in both manufacturing and service firms.

Recognize the difference between job order costing and other costing methods, and identify situations where job order costing is most appropriate.

---

Definitions:

Bloodstream

The flowing body fluid that circulates throughout the body via the heart and blood vessels, carrying oxygen and nutrients to tissues and removing waste.

Active Transport

The energy-dependent process of moving molecules across a cell membrane against their concentration gradient, typically involving specific transport proteins.

Energy

The capacity to do work or cause physical change; energy can exist in a variety of forms, such as electrical, chemical, mechanical, and thermal.

Concentration

A measure of the amount of a given substance contained per unit of volume.