Which of the Following Is an Example of an Organizational

question 24

Multiple Choice

Which of the following is an example of an organizational complementary asset?

• A)Choosing the appropriate business model
• B)A collaborative work environment
• C)Laws and regulations
• D)The Internet and telecommunications infrastructure
• E)Strong senior management

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Definitions:

August

The eighth month of the year in the Gregorian calendar.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard hourly wage rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or standard) cost allocated to production, based on the standard variable overhead rate.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost, used to measure the efficiency and cost management in labor use.