If Only the Return on Investment Were Used to Measure

question 87

Multiple Choice

If only the return on investment were used to measure performance, it would be considered

• A)double-loop feedback.
• B)triple-loop feedback.
• C)a testable strategy.
• D)single-loop feedback.

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Definitions:

Direct Labor Costs

Direct labor costs are the total expenses that a company incurs for labor directly involved in the manufacturing process of its products, including wages and salaries of the production staff.

Factory Overhead Rate

A calculation used to allocate indirect manufacturing costs to products, typically based on a base measure like labor hours or machine hours.

Direct Labor Cost

The total cost of employment for workers directly involved in the manufacturing of products or delivery of services.

Time Tickets

documents used to record the amount of time an employee spends on various tasks, useful for job costing and payroll.