Which of the Following Is an Attribute of Traditional Costing

question 136

Multiple Choice

Which of the following is an attribute of traditional costing systems?

• A)Raw materials are ordered in large quantities.
• B)Production is completed in self-contained work cells.
• C)Suppliers make frequent deliveries of small quantities of raw materials.
• D)Management works with suppliers to ensure defect-free raw materials.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, indicating the company's bottom line.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Dividends Paid

Payments made by a corporation to its shareholder members, usually derived from the company's earnings.