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Sphinxa [80]
3 years ago
5

Which one of the following statements is true?

Business
1 answer:
n200080 [17]3 years ago
8 0

The Statements-In a j<u>ob-costing syste</u>m, individual jobs use different quantities of production resources,  In a <u>process-costing system</u> each unit uses approximately the same amount of resources.-Both the statement are True

(D) Both (a) and (b) are true.

Explanation:

A <u>job costing system</u> is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract

<u>For example:</u>Job costing is required for deriving the cost of construction of a building,for designing a software

<u>Process costing is a term that is used  in cost accounting.</u>

It is used  to calculate the manufacturing cost of a Product.

<u>A processing cost system </u>is used during the mass production of the  identical units .

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Specialization of labor results in the production of large quantities of a product.a. trueb. false
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Answer: True

Explanation: Specialisation of labour in production is the process of classifying People who have different skills, talents, and interests into groups so they will be better at what they do.

Specialisation in certain tasks often aid workers to produce more quickly and with higher quality especially in assembly line laborers.

Specialization also allows businesses to take advantage of economies of scale, which means that for many goods, as the level of production increases, the average cost of producing each individual unit declines.

The division and specialization of labor has been a force against the problem of scarcity as more product will be produced as against when there is not specialisation in division of labour.

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3 years ago
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gtnhenbr [62]

Answer:

The correct answer is letter "B": social entrepreneur.

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How is a line of credit similar to a credit card
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Economists believe that people's wants are:
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Economists believe that the wants of people are infinite.

<h3>What is want in economics?</h3>

These are the basic needs of people. In the field of economics it is believed that the wants of people are too numerous.

People have so many needs and the resources that are required to fulfill them are limited. This is the concept of scarcity.

Read more on want and scarcity here:

https://brainly.in/question/2337492

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