The Current Trend in the Use of Staff Is to __________

question 96

Multiple Choice

The current trend in the use of staff is to __________.

• A)Reduce the size of staff in order to increase operating efficiency.
• B)Maximize the size of staff in order to increase operating effectiveness.
• C)Maximize the size of staff in order to help create a full-employment economy.
• D)Completely eliminate staff positions.
• E)Change the staff size in proportion to changes in sales.

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Definitions:

Work in Process Account

An account that tracks the costs associated with unfinished goods that are still in the production process.

Materials Purchased

Refers to the raw materials bought by a company for use in the production process.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale during the period.

Equivalent Unit

A concept in cost accounting used to allocate costs to partially completed units of production, treating them as an equivalent amount of fully completed units.