Why Is a Production-Oriented Company Deficient

question 151

Multiple Choice

Why is a production-oriented company deficient?

• A) It may not have sufficient production facilities to keep up with heavy market demand for its goods and services.
• B) It has spent too much time and effort developing low-quality and low-priced products to satisfy a subset of the marketplace.
• C) It has not invested wisely in the widest variety of products to cover the marketplace.
• D) It does not consider whether the goods and services it produces most efficiently meet the needs of the marketplace.

Understand the contributions and treatment approaches of key figures in abnormal psychology.

Define psychological abnormality in terms of deviance, distress, dysfunction, and danger, and apply these concepts to various scenarios.

Analyze and evaluate the ethical implications of deinstitutionalization in the treatment of mental illness.

Recognize the essential features of psychological therapy and differentiate between formal therapy and supportive conversations.

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Definitions:

Inventory Holding Gain

The increase in value of inventory held by a company, often due to price increases in the market rather than sales.

Dollar-Value LIFO

An inventory valuation method that uses the last-in, first-out (LIFO) cost flow assumption but measures those costs in dollar values, rather than in physical units, to account for inflation or deflation.

Initial Adoption

The first-time application of a new accounting principle, standard, or policy by a company in its financial reporting.

Periodic System

An inventory accounting system where inventory levels are updated and the cost of goods sold is calculated periodically at the end of a reporting period.