What is the difference between operations costing and a process costing system?

Discussion (75-100 words each) Week 3 – What is the difference between operations costing and a process costing system? How does a company decide whether to use a job order or a process cost system? Week 4 – What approach should be used to calculate the breakeven point of a company that has many products? Week 5 – What factors must management consider when deciding whether to continue using an asset, repair, or replace it? Week 6 – Discuss the significance of recognizing the time value of money in the long-term impact of the capital budgeting decision. Week 7 – What is participative budgeting? What are its potential benefits? What are its potential disadvantages? Week 8 – Review and reflect on what you learned in the past 8 weeks. What is the most practical and easily applied lesson you learned? What was the hardest to grasp? Why? What else do you need to know about Managerial Accounting?