A Job Cost Sheet Is Useful for Developing Financial Accounting

question 176

True/False

A job cost sheet is useful for developing financial accounting numbers but does not contain information that is useful for managing the production process.

---

Definitions:

Organization Chart

A diagram that shows the structure of an organization, including the relationships and relative ranks of its parts and positions/jobs.

Organizational Strategy

A plan of action designed to achieve a long-term or overall aim within an organization.

Technological Strategies

Plans and actions implemented to leverage technology for competitive advantage and operational improvement.

Competitive Advantage

A condition that allows a company or country to produce goods or services at a lower price or in a more desirable fashion for customers than its competitors.