________ Is an Investment That Does Not Involve Obtaining a Degree

question 15

Multiple Choice

________ is an investment that does not involve obtaining a degree of control in a company.

• A)Portfolio investment
• B)Foreign direct investment
• C)Horizontal integration
• D)Vertical integration

---

Definitions:

Work in Process Inventory

Inventory that includes goods that are in the production process but are not yet complete.

Equivalent Units

A concept used in process costing that converts partially completed units into a number of fully equivalent units.

Weighted Average Method

A cost accounting method used to calculate the cost of goods sold and ending inventory by taking into account the weighted average of all inventory costs.

Job Order Cost Accounting

An accounting method that accumulates and assigns costs to specific products or projects based on individual job orders.