A Characteristic of the Manager That May Affect Managerial Discretion

question 84

Multiple Choice

A characteristic of the manager that may affect managerial discretion is his/her:

• A) interpersonal skills.
• B) commitment to the firm.
• C) tolerance for ambiguity.
• D) aspiration levels.

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Definitions:

Weighted-Average Method

A costing method that averages the costs of goods available for sale during the period for the calculation of cost of goods sold and ending inventory.

Processing Department

A specific unit within a manufacturing facility where a distinct phase of production is carried out, like assembly or packaging.

Cost Per Unit

This refers to the total expense incurred to produce, store, and sell one unit of a product or service.

Materials

The raw items or components used in the production of goods.