Denyse Taught Social Studies to Grade 7 and 8 Students

question 21

Multiple Choice

Denyse taught social studies to Grade 7 and 8 students.She always looked forward to Monday because her career was what gave her life meaning and made her feel worthwhile.Although she was often afraid of being laid-off,she believed her career was the centre of her life.Which generation would best characterize Denyse?

• A) Generation X
• B) Traditionalists
• C) Baby Boomers
• D) Generation Y

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Definitions:

Segment Margin

The amount of profit or loss generated by a particular segment of a business, after accounting for the direct costs and traceable fixed costs associated with that segment.

Absorption Costing

A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Variable Costing

An accounting method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold, treating fixed manufacturing overhead as an expense of the period in which it is incurred.

LIFO Inventory

A method of inventory valuation that assumes the last items placed in inventory are the first sold (Last In, First Out).