Which of the Following Questions Is not Likely to Be

question 44

Multiple Choice

Which of the following questions is not likely to be asked during a value analysis?

• A) whether an item can be eliminated entirely
• B) whether an item is purchased individually or in bulk
• C) whether a part has excess capacity for the intended application
• D) whether a part is a standard item or specially ordered
• E) both b and c above

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Definitions:

Salaries Accrued

This denotes the salaries that employees have accrued but the company has not yet disbursed.

Salaries Payable

An account representing the amounts owed to employees for work performed but not yet paid.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, typically reported on the income statement.

Accrued Expense

Expenses that have been incurred but not yet paid, representing a company's obligation to make future payments.