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

question 28

Multiple Choice

Match each phrase that follows with the term (a-e) it describes.
-Measures the quantity of output of production relative to the inputs

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

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Definitions:

Fair Value Measurements

Assessments of the estimated market value of an asset or liability, based on assumptions about risk and the valuation techniques used.

GAAP Hierarchy

A framework that categorizes the importance and authority of different accounting principles and guidelines in the U.S. Generally Accepted Accounting Principles (GAAP).

Valuation Method

Techniques or approaches used to determine the market value of assets, businesses, or financial instruments.

Historical Costs

The original monetary value of an asset or liability, without adjusting for inflation or changes in market value.