A Firm Had No Work in Process at the Beginning

question 29

Multiple Choice

A firm had no work in process at the beginning of a month. It transferred 4,000 units to finished goods during the month, and 500 units were still in process at the end of the month. Equivalent production for the month was 4,400 units. At what stage of completion were the unfinished units at the end of the month?

• A)67 percent
• B)75 percent
• C)20 percent
• D)80 percent

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Definitions:

Institutional Level

Refers to the operations or activities that occur within formal structures or organizations, such as schools, businesses, or government agencies, and how they impact society.

Fair Housing Act

A landmark law in the United States that was passed in 1968 to prevent discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, or sex.

Categorical Imperative

A foundational concept in Kantian ethics that asserts that moral actions are those that could be made into universal laws applicable to everyone.

Self-Defense

The right to prevent suffering force or violence through the use of a sufficient level of counteracting force or violence.