The Planning Function May Be More Important for a Manager

question 27

Multiple Choice

The planning function may be more important for a manager in an industry in which

• A) creativity is at a premium.
• B) motivation may be the most important issue.
• C) change and innovation are the rule.
• D) routine work assignments are followed.

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Definitions:

Manufacturing Overhead-Control

An accounting method used to gather and monitor the costs associated with the manufacturing process but not directly tied to specific products, such as rent, utilities, and salaries.

Supplies Inventory

Items and materials held by a company in stock that are necessary for its operations but not yet used or sold.

Work in Process Inventory

Goods that are in the manufacturing process but are not yet completed.

Manufacturing Costs

The expenses directly related to the production of goods, including raw material, labor, and overhead costs.