Two Commonly Used Techniques to Aid Managers with Important Decisions

question 15

Multiple Choice

Two commonly used techniques to aid managers with important decisions for setting a direction and allocating resources include ________ and ________ analysis strategies.

• A) micromarketing; macromarketing
• B) business portfolio; diversification
• C) investment; divestment
• D) dashboards; metrics
• E) subjective; objective

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Definitions:

Mixed Cost

Expenses that have both fixed and variable components, changing in total with the level of activity but not proportionately.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including indirect labor, materials, and factory-related expenses.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for manufacturing finished goods.

Unit Level Cost

Costs that are incurred for every unit of production, such as direct materials and direct labor.