Which Process Analyzes Services That Are No Longer Viable and Determines

question 516

Multiple Choice

Which process analyzes services that are no longer viable and determines when they should be retired?

• A) Change management
• B) Service portfolio management
• C) Service level management
• D) Business relationship management

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Definitions:

Absorption Costing

An accounting procedure that integrates all production-related costs, capturing direct material expenses, direct labor costs, and all overheads, variable and fixed, within the cost framework of a product.

Net Operating Income

The amount left from a company's sales revenue after subtracting the costs of running the business, excluding tax and interest expenses.

Variable Costing

A managerial accounting method that only considers variable costs as product costs, with fixed overhead costs treated as period expenses.

Variable Costing

A costing method that includes only variable manufacturing costs — direct materials, direct labor, and variable manufacturing overhead — in the cost of a product.