The Proportion of Outside-To-Inside the Company Members of the Board

question 18

Multiple Choice

The proportion of outside-to-inside the company members of the board of directors in two-thirds of companies is _____.

• A) more insiders than outsiders
• B) approximately the same of each
• C) more outsiders than insiders
• D) there is no clear trend

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Definitions:

Job Order Cost System

An accounting system that assigns costs to individual units or batches of production, often used in manufacturing where products are custom made.

Job Order Cost System

An accounting system that accumulates costs for each individual job or project to determine its profitability.

Flow Of Costs

The way costs move through inventory accounts, eventually ending up as cost of goods sold on the income statement.

Accumulating Manufacturing Costs

The process of tracking and collecting all the costs associated with the production of goods, from raw materials to labor.