Considering the Two Main Types of Data, If Facts and Figures

question 153

Multiple Choice

Considering the two main types of data, if facts and figures are newly collected for a project, which type of data is being collected?

• A)internal primary data
• B)secondary data
• C)external primary data
• D)primary data
• E)internal secondary data

Describe the journal entries associated with job-order costing system transactions.

Determine the cost of goods sold and ending inventory balances under a job-order costing system.

Recognize the impact of nonmanufacturing costs on financial statements.

Understand the accounting treatment of indirect materials and their inclusion in Manufacturing Overhead.

---

Definitions:

Retired Army General

A former high-ranking military officer who has concluded their service and often brings leadership, strategic planning, and disciplined operational perspectives to civilian roles.

Internal and External Customers

Individuals or entities within an organization (internal) and outside it (external) that receive the products, services, or information offered.

Zero Defects

A management philosophy aiming for the reduction of defects through continuous quality improvement and error prevention.

Pediatric Practice

The medical practice specializing in the care and treatment of infants, children, and adolescents.