A <u>finished Goods</u> account would most likely not appear in a job order cost system of a service business.
Finished Goods are products that are at a stage in the manufacturing process that is readily available to consumers. Businesses use formulas to calculate finished goods and products to create inventory percentages that determine the value of the goods sold.
The cost of the finished product includes all costs along the way and includes the three main components used in the production of the goods: direct labor, direct materials, and overhead costs. In addition, storage costs will be incurred when purchasing finished products.
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Answer: Conformity
Explanation: Ethics trap refers to the situation in which an individual finds difficult to assess what is morally correct for him or her and what is not.
Conformity refers to the ability of an individual to match the customs and beliefs of a group to mingle with that particular group.
In the given case, Jamal has been working in the company where all the members have been cheating on their accounts except for him. This urges Jamal to do the same for being a part of group.
Hence we can conclude that the correct option is C.
Answer: bribery and conflict of interest
Explanation: In simple words, bribery refers to the act under which one individual tries to persuade the behavior of another individual for his benefit by offering him or her monetary benefits.
Whereas, conflict of interest refers to a situation when someone has the authority to make decisions that benefits himself more than the entity he is working for.
Hence we can conclude that the above case depicts bribery and conflict of interest.
Answer:
C. consumers make their purchase decisions based on perceived value.
Explanation:
Consumer perceived value is the benefit of a product that the consumer receives by buying any specific goods or services. Perceived value is the satisfaction level of consumer that customer look in the product, rather than just paying for the product, therefore, the company need to work and develop their brand and value in the market. Cost does not define the value of the product, rather it is a satisfactory level of consumer that defines the value and price of product. Example; Customer does not pay for the software, however, they pay for the solution.
Answer:
An offer to be featured in an upcoming edition of Taste of Home magazine would be considered as part of the promotion element of the marketing mix.
Explanation:
Featuring the offer in an magazine is a way to promote the business and spread the word. The promotional element of the marketing mix includes promotional methods, message strategies, media strategies, and message frequency. This is one of the most important contributors to sales and traffic generation.
