(Last Word) Which of the Following Is a Predicted Result

question 285

Multiple Choice

(Last Word) Which of the following is a predicted result of the increased use of additive manufacturing (using 3-D printers) ?

• A) Economies of scale in manufacturing will be eliminated, driving up production costs and prices.
• B) lower prices of manufactured goods through the elimination of large fixed costs and transportation costs
• C) monopolization of manufactured goods industries, as few individuals can afford additive manufacturing technology
• D) significant increases in the fixed costs of producing manufactured goods

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Definitions:

Period-End Adjusting Entry

Journal entries made at the end of an accounting period to update accounts for accruals and deferrals that have not been recorded.

Sales Discounts

A reduction in the price of a product or service offered by a seller to encourage prompt payment by the buyer.

Periodic Inventory System

An inventory accounting system where goods are physically counted at specific intervals for financial reporting.

Perpetual Inventory Systems

A method of inventory management where inventory levels are updated in real-time after every sale or purchase transaction.