Steve Motivates Employees by Rewarding Them with Additional Vacation When

question 63

Multiple Choice

Steve motivates employees by rewarding them with additional vacation when standards are achieved.He's involved in the management function of ________.

• A) leading
• B) controlling
• C) planning
• D) organizing

---

Definitions:

Variable Costing

A pricing strategy that incorporates only variable manufacturing expenses such as direct materials, direct labor, and variable factory overhead into the cost of products.

Absorption Costing

A method of cost calculation that takes into account all expenses related to manufacturing, such as direct materials, direct labor, and all overheads, whether fixed or variable, in determining a product's cost.

Production Cost

The total cost of materials, labor, and overheads incurred in the production of goods or services.

Per Unit

A term referring to a measurement or cost on an individual item or quantity basis.