_____ Refers to an Organization's Ability to Address Current Needs

question 94

Multiple Choice

_____ refers to an organization's ability to address current needs and have the agility and management skills and structure to prepare successfully for the future,including preparedness for emergencies.

• A)Proactivity
• B)Sustainability
• C)Future-orientation
• D)Internal capacity

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Definitions:

Estimated Overhead

Projected costs for running a business that does not directly tie to specific product manufacturing, such as rent, utilities, and management salaries.

Direct Labour-Hours

The total hours of work directly contributed by labor to the production of goods.

Traditional Costing System

A costing methodology that allocates overhead costs to products based on a predetermined overhead rate, often using a single cost driver.

Overhead Cost Per Unit

The allocation of overhead costs to individual units of product, giving a full cost picture of each unit produced.