Which of the Following Is an Example of a Corporate

question 82

Multiple Choice

Which of the following is an example of a corporate strategy?

• A)Diversify product line to appeal to more people.
• B)Increase sales by 10% over last year.
• C)Pay highest salaries to keep high quality employees.
• D)Develop and sell quality appliances worldwide.
• E)Divide a sales region into a group of sales districts.

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Definitions:

Raw Material

Basic materials used in the production process to manufacture goods, often processed in multiple stages to produce the final product.

Predetermined Overhead Rate

A rate established in advance used to apply manufacturing overhead costs to products based on a certain activity base.

Fixed Overhead

Regular, unchanging costs associated with running a business, such as rent, salaries, and utilities, that do not fluctuate with production volume.

Work in Process

Refers to the cost of the unfinished goods in the manufacturing process including labor, material, and overhead.