How Are Organisational Strategies Related to Core Competencies

question 87

Multiple Choice

How are organisational strategies related to core competencies?

• A) Competencies are the tactics managers use to take advantage of strategies
• B) Broad based organisational strategies are the same as the core competencies.
• C) Strategies help managers exploit competencies
• D) Strategies and competencies are actually two ways of expressing the same idea

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Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on activity levels such as labor hours or machine hours.

Actual Level Of Activity

The real measure of how much work is performed or output is produced in a given period, often compared to planned or standard levels of activity.

Standard Activity

A benchmark or base level of activity used for planning, measuring, and controlling performance.

Quantity Standard

A preset benchmark that specifies the expected amount or number of units to be used or produced under normal conditions.