Systems

question 80

Multiple Choice

Systems:

• A) lay out the route that the organization will take in the future.
• B) is the framework in which activities of employees are coordinated.
• C) are formal and informal procedures that govern every day activity.
• D) act as guiding parameters for strategic planning.

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Definitions:

Selling Price

The amount of money charged for a product or service, or the sum a buyer pays to acquire something.

Normal Cost

The standard or usual expense associated with manufacturing a product, including direct labor, direct materials, and manufacturing overhead under normal operating conditions.

Portable Computer

A computer designed to be easily moved from one place to another, including laptops, notebooks, and other mobile computing devices.

Outside Supplier

A third-party entity that provides goods or services to a company, which are not produced in-house.