Multiple choice review.
1. In which type of costing system are goods undifferentiated?
a. Job order
b. Process
c. Both a and b
d. Neither a nor b
2. Which type of costing system combines characteristics from both job order and process systems?
a. Activity-based costing
b. Value chain costing
c. Hybrid costing
d. Just-in-time costing
3. Which of the following steps in an IPO typically occurs first?
a. Determine the initial offering price.
b. Develop a prospectus.
c. Determine the size of the IPO.
d. Sell shares of stock.
4. All of the following are typical database files in a human resource process except:
a. Applicant.
b. Employee.
c. Payroll.
d. Performance evaluation.
5. Which of the following payroll forms is most closely associated with independent contractors?
a. Form W-2
b. Form W-4
c. Form 940
d. Form 1099
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