The Process Whereby a Firm Determines the Costs Associated with Organizational

question 4

Multiple Choice

The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called

• A) the Resource-Based Approach.
• B) Value Chain Analysis.
• C) Strategic Cost Analysis.
• D) the Internal Factor Evaluation Matrix.
• E) Cost-Benefit Analysis.

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Definitions:

Work Sampling

Work Sampling is a technique used to analyze the work performed in a specific job or organization by taking random samples of the activities performed over a period, to determine how time is distributed across different tasks.

Observers

Individuals or entities that watch or monitor events, behaviors, or processes, often for the purpose of drawing conclusions or gathering information.

Graded

Evaluated or classified according to a scale or standard.

Reliability

The quality of being dependable and consistent in performance or results.