Which Term Refers to a Group of People Whose Shared

question 66

Multiple Choice

Which term refers to a group of people whose shared expertise and interest in a joint enterprise informally binds them together?

• A) Community of practice
• B) Task force
• C) Liaison role
• D) Direct contact
• E) Cross-functional team

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Definitions:

Direct Labor-Hours

The total hours of work directly spent on producing a specific product or service.

Variable Overhead

Overhead costs that fluctuate with changes in production level or business activity, such as utilities for machinery.

Efficiency Variance

The difference between the standard cost of labor or materials for actual production and the actual cost incurred, reflecting how efficiently resources are utilized.

Direct Labor-Hours

The total hours worked directly on the production of goods or delivery of services.