A Series of Studies Conducted in Restaurants Indicates That When

question 57

Multiple Choice

A series of studies conducted in restaurants indicates that when people dine in groups, they tend to order ____. This finding can be explained by the fact that ____.

• A) a variety of different items-more variety than expected by chance, people tend to conform to one another's orders
• B) a variety of different items-more variety than expected by chance, people don't like to order the same items that others are ordering
• C) a very narrow selection of items-more narrow than expected by chance, people tend to conform to one another's orders
• D) a very narrow selection of items-more narrow than expected by chance, people don't like to order the same items that others are ordering

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Definitions:

Joint Production Costs

Costs incurred during the process of producing multiple products simultaneously where the costs cannot be attributed to individual products easily.

Relative Sales Value Method

A method used to allocate joint costs based on the relative sales value of the products produced from the same process or operation.

Allocated

The distribution of resources, costs, or expenses to specific departments, projects, or cost centers according to a predetermined method.

Constant Gross Margin Method

An inventory valuation method that maintains a fixed gross margin percentage for costing inventory despite changes in the cost of goods sold.