Which of the Following Statements Is True

question 97

Multiple Choice

Which of the following statements is true?

• A)A process costing system would be used by manufacturers of custom-made perfumes.
• B)A job order costing system would be used by manufacturers of baking utensils.
• C)A construction company would likely use a process costing system.
• D)An accounting firm would likely use a job order costing system.

---

Definitions:

Equal Chance

The concept that every outcome of a particular experiment or event has the same probability of occurring.

Target Population

The entire group about which a researcher intends to generalize the findings from a study.

Sampled Population

The sampled population refers to the subset of a population that is selected for analysis in a study, representative of the larger group to derive conclusions about it.

Bias

A systematic error or deviation in results or inferences from the truth, often resulting from process flaws or assumptions that affect the validity of results.