In which form of business is a single individual responsible for the repayment of any debts? proprietorship. corporation. partnership. family-run business?

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.