A Management Guideline Which Recommends That Managers Clearly Determine, Understand

question 38

Multiple Choice

A management guideline which recommends that managers clearly determine, understand, and state organizational objectives before they initiate any action is the ________.

• A) management-by-objectives approach
• B) hierarchy of needs
• C) principle of the objective
• D) hierarchy of objectives
• E) concept of suboptimization

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Definitions:

Factory Overhead

Costs tied to manufacturing processes, excluding those for direct labor and materials.

Office Utilities

Expenses associated with the essential services used in an office, such as electricity, water, gas, and internet.

Selling and Administrative Expense

Operating expenses that are not directly tied to production, including costs related to sales, marketing, and general administration of a company.

Direct Materials

The raw materials directly traceable to the manufacturing of a product, forming a significant part of the production cost.