Which of the Following Costing System Is Appropriate for a Company

question 71

Multiple Choice

Which of the following costing system is appropriate for a company that mass-produces homogeneous products (continuous flow processing) ?

• A)job costing.
• B)process costing.
• C)operation costing.
• D)dynamic costing.

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Definitions:

Socialist

Pertaining to a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Anarchic

Characterized by a lack of structured government or authority, often leading to disorder and confusion.

Theocratic

A theocratic system or government is one in which priests or religious leaders control the state, claiming divine commission or ruling in the name of a deity.

Terrorist Organization

A group involved in premeditated, politically motivated violence against noncombatant targets, usually to influence an audience.