Which of the Following Is an Advantage of a Value

question 99

Multiple Choice

Which of the following is an advantage of a value stream cost assignment?

• A)Initially,it may not be possible to allocate all the people needed in a value stream to that stream exclusively.
• B)There will always be some individuals whose related costs will remain outside any particular value stream.
• C)A value stream is usually organized around a family of products.
• D)Having a value stream for each product is not practical.

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Definitions:

Long-Term Investment

Long-term investments are financial assets that a company intends to hold for more than one accounting year, such as stocks, bonds, or real estate.

Discontinued Operation

A component of a business that has been disposed of or is held for sale and represents a separate major line of business or geographical area of operations, segregated in financial reporting.

Management's Discussion

A section in a company's annual report where senior executives provide their perspective on the financial health, results, and future outlook of the company.

Journal Entries

Records of financial transactions in the accounting system that are entered in the general journal.