Homework Answers
OPTION C: service, manufacturing, and merchandising businesses
EXPLANATION:
Every business be it service, manufacturing or merchandising business exists for creating value for customers. The value chain comprises of Inbound logistics, operations, outbound logistics, marketing & sales, etc. to deliver the product to the customer.
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The value chain is used by O A. only service and manufacturing businesses. O B. only...
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms....
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms. merchandising firms. manufacturing firms. Managerial accounting applies to all types of firms. Managerial accounting information pertains to the entity as a whole and is highly aggregated. pertains to subunits of the entity and may be very detailed. is prepared only once a year. is constrained by the requirements of generally accepted accounting principles.
Most businesses can be classified into one or more of these three categories: manufacturing, merchandising, or...
Most businesses can be classified into one or more of these three categories: manufacturing, merchandising, or service. Some companies combine aspects of two or all three of these categories within a single business. Some of the costs are similar across different types of businesses; others are unique to a particular business. Think about the different types of businesses and provide some examples of costs that they may incur (and some that may not).
Inventories are Select one: a. are kept by manufacturing organizations only not by service providers b....
Inventories are Select one: a. are kept by manufacturing organizations only not by service providers b. Assets c Warehouses d. Only perishable products
2. Job costing is A) used by businesses to price identical products B) used by businesses...
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed
Would a traditional income statement differ depending on whether the business is a service organization, a...
Would a traditional income statement differ depending on whether the business is a service organization, a merchandiser, or a manufacturer? Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related to manufacturing? If we could use these concepts in service and merchandising businesses, how would we go about doing so?
A value chain includes all of the following major business functions except: Multiple Choice Marketing Manufacturing...
A value chain includes all of the following major business functions except: Multiple Choice Marketing Manufacturing Customer Service Product Design All of the above are major business functions included in the value chain
2. Job costing is A) used by businesses to price identical products B) used by businesses...
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed 3. Which of the following companies will use a process costing system? A) an oil refining company B) a manufacturer of ships C) a custom kitchen cabinet company D) an advertising firm 4. Job-costing is likely to be used by A) oil...
As the service economy has grown, a business location being used more and more by service...
As the service economy has grown, a business location being used more and more by service businesses is: A) the industrial park. B) home. C) central business districts. D) outlying areas.
determine which goods will be produced Select one: a. The market O b. The businesses O...
determine which goods will be produced Select one: a. The market O b. The businesses O c. The firms d. Consumers
1a. Supply chain management focuses mainly on (a) Logistics (b) Manufacturing (c) Strategy (d) All of...
1a. Supply chain management focuses mainly on (a) Logistics (b) Manufacturing (c) Strategy (d) All of the Above 1b. A supply chain comprises of (a) people within a single company (b) processes within a single company (c) processes across multiple companies (d) only people across multiple companies 1c. The typical number of suppliers that any firm has within a supply chain is known as the supply chain’s (a) horizontal structure (b) vertical structure (c) downstream (d) upstream 1d. The typical...
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms. merchandising firms. manufacturing firms. Managerial accounting applies to all types of firms. Managerial accounting information pertains to the entity as a whole and is highly aggregated. pertains to subunits of the entity and may be very detailed. is prepared only once a year. is constrained by the requirements of generally accepted accounting principles.
Inventories are Select one: a. are kept by manufacturing organizations only not by service providers b. Assets c Warehouses d. Only perishable products
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed
A value chain includes all of the following major business functions except: Multiple Choice Marketing Manufacturing Customer Service Product Design All of the above are major business functions included in the value chain
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed 3. Which of the following companies will use a process costing system? A) an oil refining company B) a manufacturer of ships C) a custom kitchen cabinet company D) an advertising firm 4. Job-costing is likely to be used by A) oil...
determine which goods will be produced Select one: a. The market O b. The businesses O c. The firms d. Consumers
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