An Important Source of Public Scrutiny Is Watchdogs

question 249

Multiple Choice

An important source of public scrutiny is watchdogs. These are

• A) the efforts of a firm's competitors, including how often the competitors attack the firm's strategies.
• B) taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets.
• C) companies designated by the government to only produce products that support the government defense program.
• D) socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

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Definitions:

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remains constant regardless of the volume of production, such as rent, property taxes, and salaries of permanent staff.

Cash Disbursements

Payments made in cash or cash equivalents, covering expenses, debts, or other financial obligations.

Direct Labor-Hours

A measure of the amount of time workers spend on a specific task or production process, directly associated with the manufacturing of a product.

Direct Labor Rate

The cost per hour for labor directly involved in the production of goods, not including the cost of materials.