If You Wanted to Know When a Colleague Was Going

question 18

Multiple Choice

If you wanted to know when a colleague was going to finish writing a report you needed, the type of question you should ask them would be a:

• A) general question.
• B) open question.
• C) closed question.
• D) clarifying question.
• E) probing question.

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Definitions:

Variable Costing

An accounting method that only includes variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Finished Goods Inventory

Items in stock that are completed and ready for sale, representing one of the stages in the production inventory.

Variable Costing

A costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed manufacturing overhead from product cost calculations.

Net Operating Income

The income generated from normal business operations after deducting operating expenses such as wages and cost of goods sold, excluding income from investments and other non-operational sources.