Which of the Following Includes All the Activities Necessary to Convert

question 75

Multiple Choice

Which of the following includes all the activities necessary to convert raw materials into a good or service and put it in the hands of the consumer or business customer?

• A)the industrial network
• B)the retailer chain
• C)the value chain
• D)the channel of distribution
• E)the supply chain

Grasp the advantages and disadvantages of corporations as a form of business ownership.

Understand the role and responsibilities of the board of directors in a corporation.

Know the different strategic moves a corporation can make (e.g., mergers, acquisitions).

Comprehend the purpose and function of various defensive strategies against hostile takeovers.

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Definitions:

Machine-Hours

A measure of the amount of time that a machine is operating, used as a basis for allocating manufacturing overhead costs.

Predetermined Overhead Rate

An estimated rate used to allocate overhead costs to products or job orders, calculated before the accounting period.

Machine-Hours

A measurement used in allocating manufacturing costs to products, representing the number of hours a machine is operated during the production process.

Predetermined Overhead Rate

The predetermined overhead rate is calculated before a period begins by dividing estimated overhead costs by an estimated allocation base, used to assign overhead costs to products.