Which of the Following Is Not True Concerning the Purposes

question 9

Multiple Choice

Which of the following is not true concerning the purposes of a procedure manual?

• A)The manual outlines the broad set of purposes, principles, and rules of action that guide an organization.
• B)The manual is a reference guide for purchasing personnel and is especially valuable to new employees who require training in how to accomplish different activities or assignments.
• C)For experienced personnel, the manual provides clarification or simply reinforces knowledge about different topics.
• D)The manual provides consistency and order by documenting the steps and activities required to perform a task.
• E)The manual may specify industry best practices to follow that are identified through benchmarking comparisons with leading firms.

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Definitions:

Unit Variable Cost

The variable cost incurred to produce one unit of a product, including materials, labor, and variable overhead.

Minimum Required Rate Of Return

This is the lowest return that investors expect for an investment, affecting the value and desirability of an investment opportunity.

Total Fixed Costs

The sum of all costs that do not change with the level of output within a certain range of activity for a specified period.