For Each of the Following Items,discuss Which of the Four

question 36

Essay

For each of the following items,discuss which of the four data gathering methods would be most appropriate and why.
a.Eliciting 300 employees' opinions on a new incentive program to replace the current bonus program.
b.Identifying how the credit approval process for new customers is supposed to be conducted and by whom.

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Definitions:

Markup

The amount added to the cost of goods to cover overhead and profit, determining the selling price.

Selling Price

The amount of money a customer pays to buy a product or service.

Total Job Cost

The total cost associated with producing a specific job, including materials, labor, and overhead costs.

Unit Product Costs

The cost assigned to a single unit of product, encompassing direct materials, labor, and overhead.