Homework Answers
CORRECT ANSWER : Option a.
Inventories are kept by manufacturing companies only. Service providers do not have inventory as they do not produce any goods. Inventory can be an asset or a liability depending on the number of goods stored. Inventort can include both perishable and non-perishable goods. It can be stored in warehouses.
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Inventories are Select one: a. are kept by manufacturing organizations only not by service providers b....
2. Cost information is very useful to: a. Manufacturing organizations b. Service organizations c. Not-for-profit organization...
2. Cost information is very useful to: a. Manufacturing organizations b. Service organizations c. Not-for-profit organization d. All of the above e. None of the above
With service health insurance arrangements, insurers: Select one: a. Establish contractual arrangements with both consumers and...
With service health insurance arrangements, insurers: Select one: a. Establish contractual arrangements with both consumers and providers b. Establish contractual arrangements only with consumers c. Establish contractual arrangements only with providers d. Offer health care services under the auspices of their own health care professionals
The value chain is used by O A. only service and manufacturing businesses. O B. only...
The value chain is used by O A. only service and manufacturing businesses. O B. only service and merchandising businesses O C. service, manufacturing, and merchandising businesses O D. only manufacturing and merchandising businesses.
Preferred provider organizations (PPOs) are relatively new forms of managed care. Preferred provider organizations are: Select...
Preferred provider organizations (PPOs) are relatively new forms of managed care. Preferred provider organizations are: Select one: a. Physician organized groups that provide discounted medical treatment to underprivileged or disadvantaged groups of people b. Organizations of physicians and other health care professionals who charge a standard, hourly fee for services c. Organizations created by insurance providers which offer medical coverage with doctors inside and outside of the organization's guidelines d. Created by insurance companies via networking with physicians and hospitals...
Manufacturing and Service Firms In general, firms can be divided into manufacturing and service firms. Manufacturing...
Manufacturing and Service Firms In general, firms can be divided into manufacturing and service firms. Manufacturing firms make a tangible product. They need to determine product costs for both inventory valuation and the calculation of cost of goods sold. The cost of inventory appears on the , and the cost of goods sold appears on the . (Wholesale or retail firms purchase a product that is already manufactured. The cost of such products, which are tangible, are carried at that...
3. Managing Service Providers is important for the following reasons: a. They are a crucial element...
3. Managing Service Providers is important for the following reasons: a. They are a crucial element in customer experiences. b. They represent the highest variable cost to the organization. C. They are a significant element in the experiences that customers may have. d. All of the above e. (a) and (b) only
In which type of companies is overhead applied to jobs? With manufacturing and service companies. Only...
In which type of companies is overhead applied to jobs?
With manufacturing and service companies.
Only companies that have labour costs associated with
products.
Only manufacturing companies.
Primarily with service companies.
Question text What is the purpose of accreditation, professional, and regulatory organizations? Select one: a. To...
Question text What is the purpose of accreditation, professional, and regulatory organizations? Select one: a. To provide policies and procedures for healthcare facilities b. All of the answers are correot- c. To establish mandatory rules for healthcare organizations that will improve quality of ca d. To establish guidelines and provide support regarding integrity of patient records and quality of care
(Ch4) The first step in activity-based costing is to Select one: O a. assign manufacturing overhead...
(Ch4) The first step in activity-based costing is to Select one: O a. assign manufacturing overhead costs for each activity cost pool to products. O b. identify and classify the major activities involved in the manufacture of specific products. O c. calculate the activity-based overhead rate per cost driver. O d. identify the cost driver that has a strong correlation to the activity cost pool. (Ch4) Activity-based costing Select one: O a. uses direct labor as its primary cost driver....
Which of the following would likely be found in mechanistic organizations? Select one: a. wide span...
Which of the following would likely be found in mechanistic organizations? Select one: a. wide span of control b. empowered employees c. decentralized responsibility d. standardized jobs
2. Cost information is very useful to: a. Manufacturing organizations b. Service organizations c. Not-for-profit organization d. All of the above e. None of the above
The value chain is used by O A. only service and manufacturing businesses. O B. only service and merchandising businesses O C. service, manufacturing, and merchandising businesses O D. only manufacturing and merchandising businesses.
Manufacturing and Service Firms In general, firms can be divided into manufacturing and service firms. Manufacturing firms make a tangible product. They need to determine product costs for both inventory valuation and the calculation of cost of goods sold. The cost of inventory appears on the , and the cost of goods sold appears on the . (Wholesale or retail firms purchase a product that is already manufactured. The cost of such products, which are tangible, are carried at that...
3. Managing Service Providers is important for the following reasons: a. They are a crucial element in customer experiences. b. They represent the highest variable cost to the organization. C. They are a significant element in the experiences that customers may have. d. All of the above e. (a) and (b) only
In which type of companies is overhead applied to jobs?
With manufacturing and service companies.
Only companies that have labour costs associated with
products.
Only manufacturing companies.
Primarily with service companies.
Question text What is the purpose of accreditation, professional, and regulatory organizations? Select one: a. To provide policies and procedures for healthcare facilities b. All of the answers are correot- c. To establish mandatory rules for healthcare organizations that will improve quality of ca d. To establish guidelines and provide support regarding integrity of patient records and quality of care
(Ch4) The first step in activity-based costing is to Select one: O a. assign manufacturing overhead costs for each activity cost pool to products. O b. identify and classify the major activities involved in the manufacture of specific products. O c. calculate the activity-based overhead rate per cost driver. O d. identify the cost driver that has a strong correlation to the activity cost pool. (Ch4) Activity-based costing Select one: O a. uses direct labor as its primary cost driver....
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