The Direct Technical Cause of the Challenger Disaster in 1986

question 18

Multiple Choice

The direct technical cause of the Challenger disaster in 1986 was

• A) a leaking O-ring in a fuel tank, which could not cope with the unusually low temperature at the day of the take-off.
• B) a lack of respect for the NSPE code of ethics, which stipulates that engineers shall hold paramount the health, safety and welfare of the public.
• C) foam-shedding, which was caused by the unusually low temperature at the day of the take-off.
• D) normalization of deviance.

Calculate gross profit using different inventory costing methods.

Understand the application of perpetual and periodic inventory systems.

Calculate inventory turnover and interpret its significance.

Derive cost of goods sold using various inventory methods.

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Definitions:

Accounting Department

A division within a company that is responsible for managing financial records, ensuring compliance with accounting laws, and preparing financial reports.

Organization-Sustaining Activities

Activities that support the organization as a whole rather than any specific product line or department, such as facility management and executive leadership.

Batch-Level Activities

These are tasks or operations that are performed for a batch of products, rather than for each individual unit or continuously for the whole process.

First-Stage Allocation

The process by which overhead costs are assigned to activity cost pools in an activity-based costing system.