As a Manager You Have Trained and Worked with Your

question 59

Multiple Choice

As a manager you have trained and worked with your team for three years.A new project is assigned to your group,one that is very similar to previous projects the team has accomplished with great success.In this situation it might be appropriate to use ______ leadership.

• A)Theory X
• B)authoritarian
• C)laissez-faire
• D)Theory X and authoritarian

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Definitions:

Overhead Allocated

Overhead Allocated refers to the process of distributing indirect costs (overheads) to specific cost objects, such as products or departments, based on a predetermined allocation method.

Contribution Per Machine Hour

A measure of profitability that calculates how much profit or contribution is generated for every machine hour used in production.

Target Costing

A pricing strategy where a product's sale price is determined first, and then the production cost is targeted to ensure profitability.

Market-Based Pricing

A pricing strategy where the selling price of a product or service is determined by the current market conditions, including demand, competition, and cost of production.