Which of the Following Is Not True About Why a Service

question 15

Multiple Choice

Which of the following is not true about why a service firm will use the job order costing system?

• A) to help control costs
• B) to determine client billing
• C) to determine department costs within the firm
• D) to determine profit

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Definitions:

Risk Assumption

The act of taking on the potential for loss or harm as part of a project, investment, or business, often in pursuit of a reward.

Entrepreneur

An individual who creates, launches, and manages a new business, typically taking on significant financial risk.

Controlling

In management, it involves monitoring performance, comparing it with goals, and taking corrective action as needed.

Entrepreneurial Idea

An innovative concept or solution that can be transformed into a viable business opportunity.