Which of the Following Statements Is True About Companies Pursuing

question 60

Multiple Choice

Which of the following statements is true about companies pursuing a click-only business strategy?

• A) These companies approach business activities by operating physical locations.
• B) These companies operate in both physical and virtual arenas.
• C) These companies conduct business electronically in cyberspace.
• D) These companies are only involved in export business activities.
• E) These companies choose to operate their business activities solely in the traditional manner.

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Definitions:

Weighted-Average Method

An inventory costing method that assigns cost to inventory on the basis of the average cost of all similar goods available during the period.

Equivalent Units of Production

A conversion of partially completed units into a number of fully completed units during a period, used in process costing systems.

Costs Per Equivalent Unit

A calculation used in process costing that determines the cost of a single completed unit, considering work done on partial units.

Weighted-Average Method

A costing method used in manufacturing and accounting that averages the cost of inventory by taking the total cost of goods available for sale and dividing it by the total number of goods available.