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Imagine You Are Working for 3M,a Company Known for Supporting

question 21

Essay

Imagine you are working for 3M,a company known for supporting innovation.In your private time you create a new product.Will you start your own company? Why or why not?


Definitions:

Departmental Overhead Rate

A rate used to allocate overhead costs to specific departments, based on criteria such as department size or usage of overhead resources.

Machine Hours

A measure of the total operating time of machinery within a certain period.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on their respective shares of direct costs or activity drivers.

Assembly Rate

The speed or rate at which a product is assembled, which can affect production efficiency and output.

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