Which of the Following Statements Are Positive? 1

question 44

Multiple Choice

Which of the following statements are positive? 1.The federal government should increase production of biofuels.
2.Air travel has increased since September 11.
3.The greatest number of accidents are caused by drunk drivers.
4.We ought to have a cure for cancer.

• A)Statements 1 and 4 are positive.
• B)Statements 2 and 3 are positive.
• C)Statements 1 and 2 are positive.
• D)Statements 3 and 4 are positive.
• E)Statements 2 and 4 are positive.

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Definitions:

Direct Labour-Hours

The hours worked directly on the production of goods or services by employees.

Job-Order Costing System

A job-order costing system is an accounting method that assigns manufacturing costs to individual products or job orders based on the specific resources each job consumes.

Process Costing

An accounting methodology used in industries where production is continuous, assigning costs to units of product based on the process they have undergone.

Job-Order Cost Sheet

A detailed document that tracks the production costs directly associated with a specific job or order, including materials, labor, and overhead costs.