Matching -Goal Plan

question 18

Multiple Choice

Matching
-Goal Plan

• A)Guides the day-to-day production or delivery of an organization's goods and services, and enacts a functional strategy
• B)Used to educate employees as to where the organization is going and what it hopes to achieve in the future
• C)Designed for repeated use in response to commonly occurring events
• D)Usually short-term plans, which are plans that cover one year or less and are used to achieve short-term goals
• E)Interprets an organizational strategy into a market- or community-based opportunity for division or departmental managers
• F)An essential way of committing department, resources, and individuals to a future goal

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Definitions:

Moving Average Basis

Moving average basis is a method for evaluating or forecasting trends by averaging data points within a specific period to smooth out short-term fluctuations.

Actual Overhead Costs

The real, incurred expenses related to the indirect costs of operating a business, such as utilities, rent, and administrative expenses.

Overhead Application Rate

The rate used to allocate indirect costs to products or services based on a predetermined formula, such as labor hours or machine hours.

Budgeted Overhead

An estimate of the total indirect costs that are expected to be incurred during a specified period in the production process.