________ Decisions Relate to Ensuring That Specific Organizational Tasks Are

question 21

Multiple Choice

________ decisions relate to ensuring that specific organizational tasks are carried out effectively and efficiently.

• A)Strategic planning
• B)Operational control
• C)Strategic control
• D)Tactical control
• E)Management control

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Definitions:

Manufacturing Overhead

Indirect costs related to manufacturing that are not directly tied to a specific product, such as utilities, rent, and management salaries.

Sunk Costs

Sunk costs are past expenditures that cannot be recovered and should not affect future business decisions since they remain the same regardless of the outcome.

Cost of Goods Manufactured

The total cost incurred to manufacture products, including materials, labor, and overhead, during a specific period.

Finished Goods Inventory

Refers to products that have completed the manufacturing process but have not yet been sold.