Put the Following Steps of the Financial Cycle in the Correct

question 20

Multiple Choice

Put the following steps of the financial cycle in the correct order.
I. Money flows to companies who use it to fund growth through new products.
II. People invest and save their money.
III. Money flows back to savers and investors.

• A) I, II, and III
• B) II, I, and III
• C) III, II, and I
• D) II, III, and I

Understand the usage and importance of cost of production reports in manufacturing operations.

Identify factors affecting operational efficiency and their measurement through various metrics.

Identify and differentiate between job order costing and process costing systems.

Apply the concepts of equivalent units of production in calculating costs in a process costing environment.