Organizational Core Values Are the ________ That Govern the Behavior

question 19

Multiple Choice

Organizational core values are the ________ that govern the behavior of individuals within a firm or organization.

• A) economic measures
• B) ethical standards and norms
• C) political principles and policies
• D) social beliefs and actions

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Definitions:

Activity-Based Costing

A strategy for attributing overhead and indirect expenditures to associated services and products, determined by the activities demanded by each.

Estimated Overhead Cost

An approximation of the indirect costs associated with production, used for budgeting and pricing purposes.

Activity Cost Pools

Activity Cost Pools are aggregations of all the costs associated with particular activities used in activity-based costing to allocate overhead costs more accurately.

Predetermined Overhead Rates

Rates used to apply manufacturing overhead to products or job orders, calculated in advance based on estimated overhead costs and activity levels.