Cross-Functional Teams Refer to

question 50

Multiple Choice

Cross-functional teams refer to

• A) members of an organization who have been trained in multiple disciplines so they can easily move from one job to another as needed.
• B) situations where two departments within the same company have opposing views about how a product should be developed and managed.
• C) departments within an organization that carryout multiple functions due to financial constraints within the company.
• D) a small number of people from different departments in an organization who are mutually accountable to accomplish a task or a common set of performance goals.
• E) departments within an organization that manage the same product with distinctly different marketing programs to reach different target markets.

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Definitions:

Salaried Estimator

A professional responsible for assessing project costs, often receiving a fixed regular payment regardless of hours worked.

Absorption Costing

Absorption costing is a financial approach that integrates all production expenses, including direct materials, direct labor, and all overhead costs, both variable and fixed, into the product's cost.

Unit Product Cost

The total cost associated with producing one unit of a product, including direct and indirect costs.

Variable Costing Income Statement

A financial statement that only includes variable production costs in the cost of goods sold, with fixed production costs treated as period expenses.