What Will Happen in the Future If Humans Continue to Impact

question 72

Multiple Choice

What will happen in the future if humans continue to impact natural systems at the same rates as today?

• A) There will not be any serious consequences, because the environment is much too big and the human population is much too small in comparison.
• B) Human societies that depend on the services ecosystems provide may experience severe disruptions in those services.
• C) The environment may experience some short-term changes, but their magnitude will likely be no greater than those that have occurred naturally.
• D) Some beneficial and necessary reductions in population growth will occur.

Differentiate between weighted-average and other costing methods in terms of material and conversion costs per equivalent unit.

Understand the concept of job-order costing system and its application in accounting.

Calculate predetermined overhead rates and understand how they are used in applying manufacturing overhead to jobs.

Identify and analyze journal entries related to job-order costing operations, including material purchases, labor costs, and overhead application.