Firms Use Various Methods for Identifying Customers Such as ________

question 54

Multiple Choice

Firms use various methods for identifying customers such as ________ and ________.

• A)observable characteristics such as willingness to wait in long lines; their actions such as whether or not they live a long time
• B)observable characteristics such as age; their actions such as willingness to wait in long lines
• C)the color of their hair; whether or not they roll their eyes at high prices
• D)None of the above.

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Definitions:

Machine-Hour

A unit of measure indicating the operating time of a machine, used in costing to allocate expenses based on machine use.

Overhead Applied

The allocation of indirect costs to specific products or cost objects based on predetermined overhead rates.

Customizing Department

A department within a manufacturing or service firm dedicated to modifying products or services according to customer specifications.

Job T898

A specific reference or identifier for a job or order within a job-order costing system, used for tracking costs and production progress.