If the Demand for a Product Produced by an Input

question 173

True/False

If the demand for a product produced by an input decreases, the demand for the input will also decrease.

---

Definitions:

Job Order Costing System

An accounting system used to assign costs to specific jobs or batches, typically useful in manufacturing or service industries with unique or custom orders.

Service Organizations

Service organizations are businesses that primarily provide intangible products, such as services or expertise, to customers.

Process Cost System

An accounting system used to track and allocate costs of production in an environment where goods are produced in a continuous process.

Paper Mill

A manufacturing facility where various types of paper are produced through the processing of wood pulp and other raw materials.