_____ Involves Taking a Distinctive Competency Developed by a Business

question 26

Multiple Choice

_____ involves taking a distinctive competency developed by a business unit in one industry and implanting it in a business unit operating in another industry.

• A) Sharing resources and capabilities
• B) Leveraging competencies
• C) Transferring competencies
• D) Product bundling
• E) Strategic management capabilities

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Definitions:

Weighted Average Method

A cost accounting method used to calculate the cost of goods sold and ending inventory by taking into account the weighted average of all inventory costs.

Job Order Cost Accounting

An accounting method that accumulates and assigns costs to specific products or projects based on individual job orders.

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of complete units of output.

Work in Process Inventory

Represents goods that are in the production process but are not yet completed.