Which Is True of Strategy

question 6

Multiple Choice

Which is true of strategy?

• A)Business strategy has few similarities with military strategy.
• B)Military principles can be completely applied in business.
• C) Militaries fight over territories, waters, and air spaces, firms compete in markets.
• D) None of the above.

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Definitions:

Overhead

The general operating costs not directly tied to production, including administrative and facility expenses.

Direct Materials

Raw materials that are directly incorporated into a finished product and can be directly attributed to the product.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or job orders, calculated before the production period begins based on estimated costs.

Direct Labour Hours

The total hours worked by employees directly involved in the manufacturing process, affecting the overall production cost.