Jester Corporation Has a Training Program for All New Managers

question 92

Multiple Choice

Jester Corporation has a training program for all new managers.They spend three weeks in a formal classroom setting with other new managers and are then assigned a mentor.Only MBAs are hired for management jobs,since this is believed to be the level of qualification necessary for job success. Jester Corporation's socialisation program appears to be:

• A)divestiture.
• B)individualised.
• C)serial.
• D)informal.

---

Definitions:

Cost Line

A graph representation showing the relationship between the cost incurred by a company and the level of activity or volume of production.

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate representation of product costs.

Direct Materials

Raw materials that are directly consumed in the manufacturing process of a product and are easily identifiable in the final product.

Unit Cost

The cost incurred to produce, store, and sell one unit of a product, calculated by dividing total costs by the number of units.