A Constraint That Has Limits as to a Possible Range

question 44

Multiple Choice

A constraint that has limits as to a possible range is called what?

• A) Unique
• B) Mandatory
• C) Set-membership
• D) Range

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Definitions:

Process Costing System

A costing method used in industries where production is continuous, assigning costs to units of product based on the process they go through.

Direct Materials

The raw materials that are used directly in the manufacturing of a product and can be easily traced to it.

Journal Entry

A record in the accounting journal that represents a business transaction, including information such as the date, accounts affected, and amounts debited and credited.

Process Costing System

An accounting system used to evaluate the cost associated with a production process that continuously produces homogeneous products.