The Means by Which One Examines Whether the Nature of Competitive

question 5

Multiple Choice

The means by which one examines whether the nature of competitive forces makes an industry attractive or unattractive is called:

• A) The structure-conduct-performance paradigm
• B) Industry analysis
• C) Resource-based analysis
• D) Value chain analysis

---

Definitions:

Departmental Predetermined Overhead Rates

The estimated overhead rates assigned to different departments within a company, used for more accurate product costing.

Markup

The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost.

Machine-Hours

A measure of production volume or activity based on the number of hours machines are operated.

Machine-Hours

A measurement used in cost accounting to allocate expenses to products or job orders, based on the number of hours machines are operated.