The Purpose of the Conversion Process Is to Transform Material

question 14

Multiple Choice

The purpose of the conversion process is to transform material, labor and overhead into a finished product.To accomplish that purpose, organizations can use one of three systems.Which of the following pairs would be accounted for using a job costing system?

• A)Decks of playing cards, compact discs
• B)Plastic bottles, aluminum cans
• C)Custom-built homes, original works of art
• D)Decks of playing cards, made-to-order smoothies

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Definitions:

System II

A term often used to describe slow, deliberate, and analytical thought processes in dual-process theories of cognition.

System I

Often referred to as "System 1," it is the fast, automatic, intuitive approach of the human brain to decision-making.

System II

Refers traditionally to the analytical, controlled, and effortful mode of thinking, as contrasted with the fast, automatic, intuitive processing of System I.

System I

A term often used in behavioral economics to describe the fast, instinctive, and emotional way of thinking, as opposed to slower, more deliberative thinking.