A Revision Block Should Include

question 6

Multiple Choice

A revision block should include:

• A)A description of the change that was made
• B)A revision number or letter
• C)The date of the change
• D)The name or initials of the person making the change
• E)All of the above

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Definitions:

Management Decisions

These are choices made by the executives of a company affecting its direction and operation.

Planning Horizon

The future time period over which plans are made and resources are allocated.

High-Low Method

A method of separating a mixed cost into its fixed and variable elements by analyzing the change in cost between the high and low activity levels.

Fixed Component

A portion of the total costs that remains unchanged regardless of the level of activity or production volume.