What Are the Three Basic Types of Management Skills

question 136

Multiple Choice

What are the three basic types of management skills?

• A) financial, marketing, and technical
• B) fiscal, visionary, and motivational
• C) technical, human, and conceptual
• D) vision, articulation, and directive

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Definitions:

Underapplied Overhead

The situation where the allocated overhead costs are less than the actual overhead costs incurred.

Job-Order Costing

A costing method used to determine costs for each individual job or project, tracking direct labor, direct materials, and overhead.

Overapplied Overhead

A circumstance where manufacturing overhead costs assigned exceed the real costs incurred for overhead.

Underapplied Overhead

The situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to underestimation of product costs.