The Three Essential Managerial Skills Include ____________

question 5

Multiple Choice

The three essential managerial skills include ____________.

• A) human, empirical, and conceptual
• B) technical, human, and conceptual
• C) technical, human, and empirical
• D) technical, interpersonal, and controlling

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Definitions:

Direct Materials Price

The cost per unit of raw materials used in the production of goods.

Standard Costs

predetermined costs assigned to goods and services, used as a benchmark for measuring performance.

Standard Price

The predetermined cost of acquiring goods and services, often used in budgeting and cost control.

Direct Materials

Raw materials that can be directly traced to the production of a specific product, a component of the total manufacturing cost.