Goods Made to Order Are Typical of ________ and ________

question 72

Multiple Choice

Goods made to order are typical of ________ and ________ approaches while goods made to forecast are typical of ________ and ________ approaches.

• A) process, mass customization; repetitive, product
• B) product, mass customization; repetitive, process
• C) product, process; repetitive, mass customization
• D) repetitive, product; mass customization, process
• E) repetitive, process; mass customization, product

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Definitions:

Net Method

An accounting technique used to record purchases or sales of goods after deducting any discounts offered at the time of purchase or sale.

Discounts Lost

Charges incurred from not taking advantage of early payment discounts offered by suppliers.

Net Method

An accounting method for recording purchases where the purchase price includes a cash discount for early payment.

Periodic Inventory System

An accounting method where inventory is physically counted and valued at set intervals, affecting the cost of goods sold calculation.