Which of the Following Represent the Most Significant Source of Change

question 3

Multiple Choice

Which of the following represent the most significant source of change impacting many organizations today?

• A)Increasing cultural change
• B)Declining corporate governance
• C)Increasing globalization
• D)Stronger drive for a consistent business ethics across organizations
• E)Declining legislative power

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Definitions:

High-low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Fixed Cost

Expenses that do not change regardless of the production volume, including rent, salaries, and insurance premiums.

Machine Hours

A measure of the amount of time a machine is operated, used in costing and operational efficiency calculations.

Committed Fixed Costs

Long-term fixed costs that cannot be easily altered in the short run, such as leases or contracts.