1. What are the three cost systems that you might find in a manufacturing concern? Explain

2. What kind of cost system would you expect to find at Ford Motor Company?

3. What are the documents that could be used in a Job Order Cost system? Explain.

4. Explain the cost flows in Job order costing.

5. What kinds of manufacturing operations could benefit from using a Job Costing system? Explain.

6. Explain how a hybrid cost system would work and why would a company consider that.

7. Explain the steps involved in preparing a cost of production report using Process Accounting.

8. What are some examples of manufacturing operations that would be good candidates for Process Costing? Explain

9. Explain GDP and what it measures clearly

10. Distinguish between nominal and real values in macroeconomics with a good quantitative example.

11. What are the components of aggregate or total demand? Explain clearly