What term describes all business processes associated with providing a product or service? O The manufacturing chain O The product chain O The supply chain O The value chain

Q: Which of the following major activities of a business will result in product costs? Multiple Choice…

A: Manufacturing is a process of production of goods for sale. It involves conversion of raw material…

Q: Which of the following is the best definition of product costs? a. Product costs are those costs…

A: Cost refers to amount or value which has to be incurred in order to purchase or produce a product…

Q: how an enterprise system can assist an organization in optimizing its value system.

A:

Q: :Changing the design of the product is an example of A product level activity a O A batch level…

A: Product-level activities are the activities that are related to a specific product or activity.…

Q: Explain the difference between service company and manufacturing company.

A: Explain the difference between a service company and a manufacturing company.   Service Company:…

Q: What is a global network of organizations and activities that supply a firm with goods and services?…

A: To supply a firm with all the goods and services, a global network is being setup which includes…

Q: provide an example of a function/operation that is a cost for a company

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: examine the financial management function of manufacturing companies and demonstrate the essence of…

A: Financial management involves activities like planning, executing, and directing people and…

Q: Distinguish between manufacturing-, merchandising-, and service-sector companies?

A: Manufacturing companies are the  ones which procure raw materials and carry out manufacturing…

Q: Cost and management accounting OA. require and entirely separate group of accounts than financial…

A: Cost and management accounting aids companies in determining the costs of materials, projects, and…

Q: Computer controlled machining system is an example about which of the following primary activities…

A: Value chain analysis has 5 primary activities namely Inbound logistics, Outbound Logistics,…

Q: Which of the following major activities of a business will result in product costs? Multiple Choice…

A: The costs that can be directly attributable to the produced goods are called product costs.

Q: Under what conditions must an enterprise provide information about products and services?

A: If operating segments of an enterprise have not been determined based on Differences in products and…

Q: What is the Cost Flows in a Manufacturing Company?

A: Cost flows allude to the way or course through which costs go through business.

Q: An important feature of a cost center is that a. It uses only monetary information b. It must be an…

A: Solution: The important function of a cost center is to track costs. The manager of a cost center is…

Q: The branch of accounting that deals with evaluating the cost of products is called: O a. Financial…

A: The branch of accounting that deals with the cost of products is used to ascertain and allocate the…

Q: Explain the elements and the process of designing a business model

A: Business Model-The profit-making strategy of a company is referred to as its business model. It…

Q: Describe how manufacturing, merchandising and service-sector companies differ from one another?

A: Manufacturing Companies: Merchandiser is a person or organization who buys goods with the purpose of…

Q: Why are customer relationships important to an organization? Do you agree that every business needs…

A: In Organization, maintaining good relationships means everything. If you’re burning bridges with…

Q: What distinguishes a merchandising business from a service business?

A: Merchandising Company and Service Company: A merchandising company generates income by selling goods…

Q: What is the primary distinction between a service company and a manufacturing or merchandising…

A:

Q: Explain an example of business segment.

A: A business segment is a part of a company that can be identified by the products it provides or by…

Q: How do commercial businsses support the work of industrial business

A: Gaining profits is a primary motive for trading businesses mostly which can be treated as commercial…

Q: Identify the correct statement with respect to manufacturing and merchandising companies in general…

A: A merchandising firm is one of the most common types of business. A sales firm is a business that…

Q: Describe the Cost flows and their classifications in a manufacturing company?

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: Which of the following is not among the main uses of Activity-Based-Management ABM Select one: O a.…

A: Activity Based Management is a method or procedure of analysing profitability of the company by…

Q: Choose the most appropriate answer(s): Calculation of product cost, gathering information for…

A: SOLUTION-   EXPLANATION- COST ACCOUNTING IS AN ACCOUNTING METHOD THAT AIMS TO CAPTURE A COMPANY'S…

Q: What is supply-chain analysis, and how can it benefit manufacturers and retailers?

A: Describe a supply chain analysis.   A supply chain refers to a network between the organisation and…

Q: What is cost principle and give example of business situation of it

A: The cost principle is an accounting principle that requires assets, liabilities, and equity…

Q: 1. State whether the following questions is True (T) or False (F): a. Cost accounting looks at the…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: How does the operations manager use the production report to make business decisions?

A: The production report is the report which outlines the number of units produced, the cost of…

Q: how important does the owner /manager believe cost information is the success of the business?

A: Cost accounting is an accounting system which provides information about all the costs incurred in…

Q: The accounting department of a manufacturing company is a(n)     investment center.     cost…

A: Investment center is a department or part of the organisation which is measured and evaluated by the…

Q: Cost accountancy

A: Cost accountancy is the application of cost accounting principles, methods and techniques to…

Q: Classify the following activities as per value chain analysis: 1.Communication, pricing and channel…

A: Value chain analysis are classified in two types of activities namely primary and secondary…

Q: is the delivery of products or services to customers. O a. Distribution O b. Customer service O c.…

A: Lets understand all the terms mention in the question to determine right answer. There are various…

Q: What is the tools TQM for Mercedes company subject  technology management

A: TQM (Total Quality Management) is a management philosophy that involves all quality aspects that are…

Q: The term Supply Chain Management refers to: Designing a product Designing, producing and delivering…

A: Supply chain management refers to the flow of goods right from procuring the raw materials to…

Q: Human Resources Accounting is a tool of management accounting

A: Human Resources Accounting is the accounting of costs incurred relating to recruitment, retention…

Q: Explain the concept of a product family and its relationship to value stream accounting.

A: Product family is the grouping of same kind of product and services which go through the same…

Q: 2. Provide an example of a manufacturing-, merchandising-, and service-sector companies 3.

A: Companies in the manufacturing sector purchase raw materials and components and then turn them into…