In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as _____________?
Correct answer: A. production
- A. production
- B. value acquiring
- C. resourcing
- D. value acquaintance
Explanation
Production covers coordinating and assembling resources such as materials, labour and equipment to create goods or services. The other choices are not recognised value-chain activity names in this context.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
The time that a company takes to create and produce a new product is classified as _________?
Examining of past performance, exploring alternative and planning future is __________?
The flow of goods and services, from the start of gathering materials until the delivery of products, is known as __________?
The cost management technique which specially addresses strategic issues is classified as ____________?
In value chain analysis, the delivery of services or products to end customers is classified as _____________?
In cost benefit approach, the type of costs include ____________?