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One of the basic elements of sociologist Everett Roger's Diffusion theory is the concept of an "adoption process." The first step in this adoption process is:
Cost Accounting Systems
Systems that measure, record, and report product costs.
Product Costs
The expenses directly associated with creating a product, including materials, labor, and manufacturing overhead.
Job Order Cost System
A type of cost accounting system that provides for a separate record of the cost of each particular quantity of product that passes through the factory.
Process Cost System
An accounting system used to apply costs to similar products that are mass-produced in a continuous fashion.
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