An important feature of a job order cost system is that each job
a. must be similar to previous jobs completed.
b. has its own distinguishing characteristics.
c. must be completed before a new job is accepted.
d. consists of one unit of output.
Answer: b. has its own distinguishing characteristics.
Business
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Economies of scope involve the ability to lower the average cost of operations by expanding the output of financial services.
a. true b. false
Business
Identify the channel function that constitutes both backward and forward flow
A) obtaining funds for financing B) storage of physical goods C) persuasive communication D) movement of physical goods E) overseeing actual transfer of ownership
Business