Katz Concluded That Managers Need Three Essential Skills: Technical, Human

question 148

True/False

Katz concluded that managers need three essential skills: technical, human, and conceptual.

---

Definitions:

Factory Utilities

Costs associated with utilities consumed in the manufacturing process, such as electricity, gas, and water.

Cost of Goods Manufactured

The cost of goods manufactured refers to the total production cost of goods completed during a specific period.

Direct Labor

The wages or costs associated with employees who are directly involved in the production of goods or services.

Manufacturing Overhead

All indirect costs related to manufacturing, such as the cost of utilities, rent, and salaries for managers not directly involved in production.