An Online Networking Presence Is Becoming Vital to One's Career

question 47

True/False

An online networking presence is becoming vital to one's career, but aspiring managers need to learn some guidelines to effectively use this networking tool.

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Definitions:

Production Contingencies

Unplanned or unexpected events that can affect the production process, requiring a company to adapt its resources or schedules.

Actual Costs

The true, total amount spent on goods or services, factoring in all relevant expenses.

Standard Costs

Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual performance and cost control.

Normal Standards

Generally accepted benchmarks or criteria within a specific industry or area of business against which processes, products, or activities are measured.