Which One of the Following Is Not Common to Product

question 123

Multiple Choice

Which one of the following is not common to product layouts?

• A)a high rate of output
• B)specialization of labor
• C)low unit costs
• D)ability to adjust to changes in demand
• E)special-purpose technology

---

Definitions:

Unearned Revenue

Money received by a company for goods or services that have yet to be provided to the customer.

Accrued Wages

Salaries or wages that have been earned by employees but have not yet been paid by the company.

Net Income

What a company ultimately earns in profit once expenses and taxes are removed from its total income.

Adjusting Entries

Journal entries made in the accounting records to correct or update financial information before the preparation of financial statements.