One of the Best Ways to Get Involved in the Theme

question 35

Multiple Choice

One of the best ways to get involved in the theme park industry, if you are interested in that career field, is to:

• A)research the opportunities
• B)get an internship or work in a theme park part time during the school year
• C)ask a friend for a referral
• D)apply to any vacant positions posted on theme park websites

Classify costs as product, period, committed fixed, or discretionary fixed costs.

Calculate the effects of activity level changes on per unit and total fixed costs.

Identify and interpret differential, sunk, and opportunity costs in decision-making.

Utilize the standard cost formula for total, fixed, and variable costs.

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Definitions:

Formalization

The extent to which an organization's procedures, policies, and rules are written and strictly followed.

Allowable Actions

Those actions or behaviors that are permitted within a given set of rules, regulations, or contexts.

Total Quality Management

An organizational approach focused on continuous improvement in all aspects of work, from decision-making to customer service, by involving every employee.

Process Controls

Mechanisms and techniques used to manipulate and maintain the operation of processes to achieve desired outputs consistently.