For Each of the Following Organisations,indicate Which Types Might Be

question 14

Essay

For each of the following organisations,indicate which types might be best suited to job costing.
$\begin{array}{ll}\text { Hospital } & \text { Beverage producer } \\\text { Construction company } & \text { Law firm } \\\text { Clothing manufacturer } & \text { Drug manufacturer } \\\text { Oil refinery } & \text { Paint manufacturer }\end{array}$

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Definitions:

Corporation's Directors

Individuals elected by a corporation's shareholders to oversee the management and make major business decisions on behalf of the shareholders.

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, thereby holding a portion of the company's ownership.

Paid-in Capital

The amount of money that shareholders have invested in a company through the purchase of stock, excluding the par value of the shares.

Treasury Stock

Shares that were previously issued and outstanding but have been repurchased by the issuing company and held in its own treasury.