The Three Types of Capital That Are Associated with Organisations

question 8

Multiple Choice

The three types of capital that are associated with organisations having a competitive advantage are:

• A) cultural capital, finance capital, management capital
• B) human capital, management capital, organisational capital
• C) societal capital, human resource capital, cultural capital
• D) social capital, cultural capital, human capital

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Definitions:

Manufacturing Overhead

All indirect costs associated with manufacturing, not including direct materials and direct labor.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total factory overhead by a base, used throughout a manufacturing plant for allocating overhead costs to products.

Activity-Based Costing

A method of cost accounting that assigns costs to products or services based on the resources they consume.

Manufacturing Overhead

The indirect costs associated with manufacturing, such as utilities, maintenance, and salaries not directly involved in production.