Canadian Managers Face Two Main Challenges in the Global Environment

question 97

Multiple Choice

Canadian managers face two main challenges in the global environment, including:

• A)managing a diverse and aging work force
• B)organizational size and types
• C)building a competitive advantage while maintaining ethical standards, and utilizing new kinds of information systems and technologies
• D)reliance on fossil fuel and industrial technology
• E)the political and legal climates

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the actual consumption of resources.

Traditional System

A cost accounting system that allocates overhead based on a single or few measures of activity, such as direct labor hours or machine hours.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products, calculated before the period begins based on estimated costs and activity levels.

Direct Labor Cost

The expense associated with labor directly involved in the manufacturing of a product.