Match Each of the Following Terms with Its Corresponding Definition

question 125

Multiple Choice

Match each of the following terms with its corresponding definition.
-Technologies that enable the breaking of long-held business rules that inhibit organizations from making radical business changes.

• 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:

Cost Of Goods Manufactured

The total expense incurred to produce goods within a specific period, including labor, material, and overhead costs.

Manufacturing Overhead

All the indirect costs associated with the production process, including facility maintenance, utilities, and salaries of non-direct labor.

Administrative Expenses

Costs related to the general operation of a business, including salaries of non-production staff, office supplies, and legal fees.

Variable Period Cost

Costs that vary with the level of production output or sales and are incurred during a specific accounting period, like direct materials and variable manufacturing overhead.