Which of the Following Statements Is True of Inherent Processes

question 7

Multiple Choice

Which of the following statements is true of inherent processes?

• A)Inherent processes are almost always a perfect fit.
• B)Organizations cannot license the software used in inherent processes.
• C)Inherent processes are expensive and time-consuming.
• D)Inherent processes provide an alternative to business process reengineering.

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Definitions:

Homogeneous Product

A product that is uniform in quality and indistinguishable from other products of the same type.

Weighted-Average Method

A process costing method that calculates unit costs by combining costs and outputs from the current and prior periods.

Prior Period Costs

Costs that were incurred in a previous accounting period but are recorded or recognized in the current period's financial statements.

Processing Costing System

An accounting system used to allocate production costs to products or services when they are mass-produced in continuous processes.