A System of Accounting in Which the Costs of Each

question 64

Multiple Choice

A system of accounting in which the costs of each process are accumulated separately and then assigned to the units of product that passed through the process is a:

• A)Work in Process accounting system.
• B)Process Cost accounting system.
• C)Job Order Cost accounting system.
• D)General Cost accounting system.

---

Definitions:

Protective War

A war aimed at providing aid and assistance to innocent civilians who are being victimized by the military of their own nation-state.

Nation-State

A form of political organization under a single government, typically based on the concept of sovereignty within a defined territory.

Most Favored Nation Principle

A principle that states that the World Trade Organization nations must apply the same privileges, advantages, and benefits to all other member nations in relation to similar imports.

World Trade Organization

An international organization designed to supervise and liberalize international trade by facilitating trade negotiations and resolving disputes among its members.