Organizational Changes Resulting from Operational Assessment Activities Are Referred to as _____

question 23

Multiple Choice

Organizational changes resulting from operational assessment activities are referred to as _____ changes.

• A) strategic
• B) process
• C) cyclic
• D) system

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Definitions:

Product Costs

Costs that are incurred to create a product that includes direct materials, direct labor, and manufacturing overhead.

Period Costs

Expenses that are not directly tied to the production process and are expensed in the period they are incurred.

Variable Cost

Expenses that change in proportion to the activity of a business such as costs of goods sold, raw materials, and labor expenses.

Fixed Manufacturing Cost

Costs that remain constant regardless of the level of production, such as rent, salaries, and maintenance expenses.