Natalie Simopoulos, Director of Procurement at Grecian Glass Company Must

question 109

Multiple Choice

Natalie Simopoulos, director of procurement at Grecian Glass Company must approve every purchase order, and Anthony Markatos, purchasing manager, must authorize any sales rep who wants to talk to a Grecian Glass employee. Natalie and Anthony are acting as _____ and _____, respectively.

• A) decider and gatekeeper
• B) influencer and user
• C) gatekeeper and influencer
• D) buyer and decider
• E) user and gatekeeper

---

Definitions:

Equivalent Units

A measure used in costing inventories under the process costing system, converting partially completed units into a number of equivalent full units.

Work In Process Inventory

The valuation of partially finished goods that are still in the production process at the end of an accounting period.

First-In, First-Out

An inventory valuation method where the oldest inventory items are recorded as sold first, reflecting the flow of goods.

Conversion Cost

The sum of direct labor and manufacturing overhead costs, representing the expenses required to convert raw materials into finished products.