Examples of Service Businesses That Would Use Job Order Costing

question 9

Multiple Choice

Examples of service businesses that would use job order costing would include all of the following except:

• A)an accounting firm that has audit clients of various sizes and complexities.
• B)a "quick oil change" shop that offers only basic maintenance services.
• C)an automotive body repair shop specializing in collision repair.
• D)a high end salon offering hair,manicure and spa services.

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Definitions:

Crowdfunding Campaign

A method of raising capital through the collective effort of friends, family, customers, and individual investors on the internet.

Investor Model

A framework or strategy used by investors to allocate their funds in various ventures, often based on risk assessment, potential returns, and market analysis.

Lending Model

A financial business model involving giving out money or property to another party with the expectation that it will be repaid, often with interest.

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business or enterprise with the aim of making a profit.