Determine the Number of Outcomes as Requested

question 59

Multiple Choice

Determine the number of outcomes as requested.
-If a single card is drawn from a standard 52-card deck, in how many ways could it be a diamond or a face card?

• A)13
• B)25
• C)22
• D)21

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Definitions:

Accumulating Manufacturing Costs

The process of collecting and categorizing all costs involved in producing goods.

Raw Materials

Basic materials and substances used in the initial stages of production to create finished goods.

Job Order Cost System

An accounting system that assigns costs to specific production batches or jobs, useful for companies producing unique or custom products.

Process Cost System

A method of accounting used in manufacturing where costs are assigned to products based on the processes they undergo.