Which of These Examples of a Mission Statement's Focus Area

question 25

Multiple Choice

Which of these examples of a mission statement's focus area does NOT identify the utility of the firm's products to its customers?

• A) AT&T focuses on communication rather than telephones.
• B) ExxonMobil focuses on oil and gas rather than energy.
• C) Union Pacific focuses on transportation rather than railroads.
• D) Universal Studios focuses on entertainment rather than movies.
• E) A clothing retailer focuses on attractive looks rather than on clothes.

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Definitions:

Time-Driven Activity-Based Costing

A costing method that assigns costs based on the time it takes to complete specific activities.

Customer Cost Analysis

An examination of the costs related to serving a customer or customer group, used to inform pricing strategies and customer relationship management.

Order Fulfillment Department

A sector in a company tasked with handling and distributing orders to clients.

Time-Driven Activity-Based Costing

An accounting method that assigns costs to products or services based on the amount of time required to perform various activities.