If One Can Combine Good Lead and Lag Measures, One

question 59

Multiple Choice

If one can combine good lead and lag measures, one can often gain an idea of how the company is really performing. This is the concept behind

• A)a SWOT analysis.
• B)the balanced scorecard.
• C)a force field analysis.
• D)the change-management grid.
• E)a five forces analysis.

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Definitions:

Manufacturing Overhead

All the costs associated with manufacturing a product that cannot be directly attributed to a specific unit of production, such as factory rent, utilities, and maintenance.

Machine-Hours

A measure of the number of hours a machine is operated in a given period.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products or job orders, based on a cost driver, calculated before the period begins.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including utilities, rent, and salaries for managers.