Staying Power Refers to The

question 13

Multiple Choice

Staying power refers to the:

• A) relative abilities of parties in a situation to exert influence over each other.
• B) energy demands required to run a product or service.
• C) ability of a firm to produce a good or service at a lower opportunity cost than a rival.
• D) long-term viability of a product or service.
• E) ability to take advantage of complementary products developed for a prior generation of technology.

---

Definitions:

Batch Setup

It refers to the process and costs associated with configuring production equipment or facilities to produce a specific batch of products.

Materials Handling

Materials handling involves the moving, protecting, storing, and controlling of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.

Activity Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing more accurate product costing.

Allocation Rate

The rate at which indirect costs are assigned to cost objects based on a certain basis, like labor hours or machine hours.