Which of the Following Is Not an Item or Product

question 47

Multiple Choice

Which of the following is not an item or product that is an appropriate candidate for a cost-based pricing approach?

• A)An item in which the seller contributes high added value through direct or indirect labor and specialized expertise.
• B)A complex item customized to specific requirements.
• C)A product requiring a conversion from raw material through value-added designs at a supplier.
• D)A product requiring supplier-provided design and engineering support.
• E)Commodity-like items.

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Definitions:

Job Evaluation Method

A systematic process for determining the relative worth of jobs within an organization to establish fair compensation.

Job Descriptions

Documents that outline the responsibilities, duties, qualifications, and requirements of a specific role within an organization.

Ontario Pay Equity Act

Legislation in Ontario, Canada, aimed at eliminating gender wage gaps by ensuring that female-dominated job classes are paid at least equally to male-dominated classes performing work of equal value.

Gender Neutral System

A system or policy that applies the same rules and standards to everyone, regardless of their gender.