When JDPower and Associates Sell the Results of Its Research Studies

question 75

Multiple Choice

When J.D.Power and Associates sell the results of its research studies on new-car satisfaction to multiple automobile producers,J.D.Power is acting as a ____.

• A)pseudo-research supplier
• B)syndicated service
• C)cross-functional team
• D)custom research supplier

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Definitions:

Work in Process Inventory

Inventory that includes all partially completed goods that are still in the process of production.

Units Transferred Out

The number of units moved from one production process or department to the next stage or to finished goods inventory.

Weighted-Average Cost Method

A method of costing inventory that determines the cost of goods sold and the value of the ending inventory by averaging the cost of all available units over the period.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units that could have been produced.