_____ Involves Contracting with Another Company,in a Low-Cost Country Abroad,to

question 15

Multiple Choice

_____ involves contracting with another company,in a low-cost country abroad,to have it perform a work activity the organization previously performed itself.

• A) Integrating
• B) Telecommuting
• C) Outsourcing
• D) Restructuring
• E) Insourcing

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Definitions:

Process Costing System

An accounting method used to assign costs to units of production in continuous processes, where similar items are produced.

Weighted-Average Method

An inventory costing method that assigns the cost of goods available for sale based on the weighted average cost of those goods during the period.

Processing Department

A processing department is a division within a manufacturing operation where a specific type of process or series of operations is performed on products.

Cost System

A method or process used by a company to capture, measure, and allocate costs to products, services, or other cost objects.