Which of the Following Statements Is (Are) True: (I) Flowcharts

question 55

Multiple Choice

Which of the following statements is (are) true: (i) flowcharts can aid in the development of procedures manuals, (ii) procedures manuals can aid in the development of flowcharts.

• A) i only.
• B) ii only.
• C) Both i and ii.
• D) Neither i nor ii.

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Definitions:

Relevant Cost

Costs that will be affected by a decision in the future and therefore should be considered in the decision-making process.

Direct Labor Cost

Expenses associated with the wages and benefits of employees who are directly involved in the manufacturing process.

Financial Advantage

The benefit obtained from making a particular financial decision, typically resulting in monetary gain or cost savings.

Outside Supplier

A third-party company or entity that provides goods or services to another company, external to the buying organization.