Which of the Following Is Not a Characteristic of Mass

question 34

Multiple Choice

Which of the following is not a characteristic of mass production?

• A)made-to-stock
• B)stable demand
• C)high product variety
• D)high product volume

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Definitions:

Recorded The Adjustment

The process of making entries to correct accounts or to account for transactions that have been missed in the financial records.

Subsidiary Ledger

A detailed ledger that supports and breaks down the information summarized in a general ledger.

Paid For Equipment

Refers to the cash outflow for the purchase of equipment, considered a capital expenditure in accounting.

Purchased On Account

Transactions where goods or services are bought on credit, with payment to be made at a later date.