Match Each of the Following Terms with Its Corresponding Definition

question 23

Multiple Choice

Match each of the following terms with its corresponding definition.
-The person who makes detailed notes of the happenings at a joint application design session

• A)Business process reengineering
• B)Closed-ended questions
• C)Disruptive technologies
• D)Formal system
• E)Informal system
• F)JAD session leader
• G)Key business processes
• H)Open-ended questions
• I)Scribe

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Definitions:

Absorption Costing

By adopting this accounting model, all manufacturing costs including direct materials, direct labor, and both variable and fixed overheads, are rolled into the product’s cost.

Required Return

The minimum profit or yield that investors expect to earn on an investment.

Unit Product Cost

The cost to produce a single unit of product, accounting for direct materials, direct labor, and overhead on a per-unit basis.

Absorption Costing

An accounting method that includes all direct costs and fixed and variable overhead costs in the cost of a product.