The Hierarchy of Organizational Goals Is in the Following Order

question 90

Multiple Choice

The hierarchy of organizational goals is in the following order (least specific to most specific) :

• A) vision statements, strategic objectives, mission statements.
• B) mission statements, strategic objectives, vision statements.
• C) vision statements, mission statements, strategic objectives.
• D) mission statements, vision statements, strategic objectives.

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Definitions:

Cost Accounting

A type of accounting that focuses on capturing a company's total cost of production by assessing its variable and fixed costs.

Overhead Applied

The portion of overhead costs that are assigned to goods and services, typically based on a predetermined overhead rate.

Direct Labor

Direct Labor refers to the wages and benefits of employees who are directly involved in the production of goods, considered a variable cost.

Manufacturing Costs

The aggregate costs associated with the process of producing finished goods, including materials, labor, and overhead.