Which Costing System Is Most Likely to Be Used by Manufacturer

question 82

Multiple Choice

Which costing system is most likely to be used by manufacturer that produces unique products?

• A)job-order costing
• B)process costing
• C)sequential costing
• D)parallel costing

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

S.T.E.P. Approach

A strategic planning model that stands for Social, Technological, Economic, and Political - considering these factors when analyzing external environments for strategic planning.

Open-Book Management

A management strategy where employees are provided with company financial information to involve them in decision-making processes.

Share

An individual portion of a company's capital, represented by a stock, that entitles its holder to a proportion of the corporation's earnings and assets.