Define Career Contingency and Continuance Commitment

question 2

Essay

Define career contingency and continuance commitment.Explain how these concepts relate to secondary deviation.

Understand how production costs are accumulated and assigned to products or services.

Comprehend the recording and documentation processes involved in job order costing, including the use of materials requisitions and time tickets.

Acknowledge the role of cost accounting in management decisions, including pricing and cost control.

Understand the application of job order costing in service firms, in addition to manufacturing firms.

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Definitions:

Utilization

The extent to which a system, resource, or component is used relative to its total capacity, typically expressed as a percentage.

Higher Costs

Increased expenses or financial outlays in comparison to a baseline or expected level, affecting profitability.

Positive Externalities

Benefits that occur as a result of an economic activity which positively affect individuals or entities not directly involved in the activity.

Locate

The act of identifying or establishing the position or place of something, often relevant in logistics, real estate, and data analysis.