Which of the Following Databases Resembles an Organizational Chart

question 100

Multiple Choice

Which of the following databases resembles an organizational chart?

• A)network database
• B)hierarchical database
• C)stratified database
• D)cluster database

Calculate equivalent units of output and understand the concept in the context of work-in-process and completed production.

Recognize the importance of cost allocation methods and their impact on product pricing.

Identify the role of direct labor hours and machine hours in product costing and overhead allocation.

Understand the principles of absorption costing and how overhead is applied to products.

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Definitions:

Activity-based Budgeting

A budgeting approach where budgets are based on the activities and resources necessary to achieve an organization's goals.

Capital Expenditures Budget

A plan for projected expenditures on physical assets that will be used for more than one year, aimed at maintaining or improving the company's operations.

Continuous Budgeting

A process of constantly updating a budget for a set period in the future to reflect changes as they happen.

Safety Stock

Additional inventory held by a company to prevent stockouts, usually due to uncertainties in supply and demand.