BUSI Concepts

BUSI Concepts - CONCEPTS Spring 99 Test#1 4 Which statement...

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CONCEPTS Spring 99 Test #1 4. Which statement covers a point in time rather than a period of time? C. Balance Sheet Spring 01 Test #1 2. The Big Five - Anderson Worldwide, Deloitte and Touche, Ernst and Young, PricewaterhouseCoopers Fall 2005 Test #1 1. If work in process inventory has decreases, which of the following is always true? - Set up an equation and look at the two factors 2. Cost of goods sold is equal to cost of goods manufactured… Therefore, if WIP increases you will subtract it from Total Manufacturing Costs, if WIP decreases you will be adding it (because double negatives make a positive). 6. Many companies now manufacture products that are untouched by human hands. What do they use to achieve this? a. Activity-Based costing: A method of allocating overhead based on each product’s use of activities in making the product. b. Computer-integrated manufacturing: Many companies can now manufacture products that are untouched by human hands. c. Enterprise resource planning systems: Software that provides a comprehensive, centralized, integrated source of information used to manage all major business processes. d.
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BUSI Concepts - CONCEPTS Spring 99 Test#1 4 Which statement...

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