Risk in Emerging Industries Is Created by the Following Factors

question 54

Multiple Choice

Risk in emerging industries is created by the following factors:

• A)market and technological uncertainties.
• B)market and cost uncertainties.
• C)rivalry and political uncertainties.
• D)customer tastes and technology development costs.

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Definitions:

Factory Overhead

All indirect costs associated with manufacturing, including costs related to operating the factory like utilities, depreciation, and salaries for management.

Hybrid Costing System

A costing system that combines elements of both job costing and process costing, suitable for manufacturers who produce goods with some common characteristics and some unique characteristics.

Process Operations

A mode of operation in manufacturing where products are produced in continuous processes as opposed to discrete items.

Job Order Costing System

An accounting method that accumulates costs individually for each job, suitable for manufacturing upon specific orders.