Which of the Following Is TRUE for Gathering Information for Written

question 81

Multiple Choice

Which of the following is TRUE for gathering information for written communication?

• A) Information for simple messages can be gathered using informal techniques.
• B) Only formal methods of gathering information can be used for complex messages.
• C) Informal research techniques are not reliable sources of information.
• D) Asking the audience for input is not an acceptable method of gathering information.

---

Definitions:

FIFO Method

"First In, First Out," an inventory valuation method where goods first acquired are the first to be sold, affecting inventory and cost of goods sold calculations.

Process Costing

An accounting method used to allocate costs to units of production in industries where the production process is continuous.

Equivalent Units

A concept in managerial accounting that adjusts the unit count of work-in-process (WIP) inventory to reflect the amount of completed units if all effort had been applied to only producing finished goods.

Conversion Costs

The sum of labor costs and overhead costs associated with transforming raw materials into finished goods.