Case Based Critical Thinking Questions

question 34

Multiple Choice

Case Based Critical Thinking Questions
Janise's College Pet Sitting business is growing rapidly.  She has expanded to include more pet sitters and is creating forms for the sitters to enter information in the business database. She is creating only custom forms. Determine the best methods, features, and tools for Janise to use when creating her custom forms.
-Janise will now add selected fields from the Customer table to her form. Which section of the form will contain the fields from the selected table?

• A)Properties
• B)Detail
• C)Header
• D)Footer

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Definitions:

Split-Off Point

The stage in production at which multiple products derived from a common input process become separately identifiable, and costs are then attributed accordingly.

Joint Products

Products that are produced from the same process or raw materials, often with little to no variation in cost until the split-off point, where they may be further processed differently.

Net Realizable Value Method

An accounting method used to value inventory or accounts receivable at the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.

Market Value at Split-Off Method

A method used to allocate joint costs based on the market value of products at the point of separation in a production process.