it depends what it is for
Answer:
The correct answer is A. A process cost accounting system is appropriate for similar products that are continuously mass produced.
Explanation:
The system of costs by processes is that by which the production costs are charged to the processes, to the accumulated systems of the production costs, by department or by cost center.
This cost system is ideal for companies such as assembly departments. Even in the financial institution where I worked, the process cost system was also used as a method of calculation and cost allocation.
Answer: 8%
Explanation:
Profit Margin = Net income / Net sales
2017 Net income ⇒ $54,400
2017 Net Sales ⇒ $680,000
Profit Margin₂₀₁₇ = 54,400/680,000
= 0.08
= 8%
Answer:
seven
Explanation:
The size of work group is very important since smaller groups tend to be more efficient and finish tasks faster, but they are also less diverse. Ideally if a manager is looking for an efficient group, it should have between 3-5 members. Now if Joe is worried about the lack of diversity, he should consider adding a couple more people, but not that many more. Individual contribution and productivity decreases as the group increases in size.
If you want to enhance creativity and problem solving abilities, you should form diverse groups that include employees with different functional expertise and education.
Out of the possibilities, I would personally choose seven people to form a group in order to keep productivity high and also diversity and creativity.
Answer: d. open-book management.
Explanation:
OPEN-BOOK MANAGEMENT is a style of management where employees are given financial information on the company to help them perform better.
The concept is rooted in a theory that workers tend to have more motivation and be more productive when they feel as though they are being treated like Business partners who are usually the ones with access to such data as opposed to employees who usually do not.
