Jill Is Looking into the Possibility of Opening Up a Day

question 319

Multiple Choice

Jill is looking into the possibility of opening up a day care center in her community,because she is aware of many single-parent families that need a place for their children to stay while the parents work.She is concerned about the long-term prospects for such a business.Jill believes the future of her center will depend on whether birth rates and the number of single-parent families remain high.These concerns illustrate how businesses can be affected by:

• A)econometric trends.
• B)demographic trends.
• C)holographic trends.
• D)psychometric trends.

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Definitions:

Continuous Process

A production process where the input materials are continuously fed and processed to produce output, typically seen in industries like chemicals and petroleum.

Transferred-In Costs

Costs that are accumulated during the production process and then moved from one department to another within a manufacturing environment.

Direct Materials

Raw materials that can be directly traced to the production of specific goods or services in a manufacturing process.

Applied Overhead

An estimate of indirect costs assigned to individual jobs or activities based on a predetermined rate.