Define Engineered and Discretionary Costs and Give Two Examples of Each

question 52

Essay

Define engineered and discretionary costs and give two examples of each.

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Definitions:

Company Industry

The specific sector or category of the market in which a company operates, characterized by a particular type of business activity or product/service.

Moral Philosophies

The study of principles and values concerning what is right and wrong, guiding ethical decision-making and moral reasoning.

Business Ethics

The study and examination of moral and ethical problems that arise in a business environment.

Organizational Factors

Elements within an organization that can influence its behavior and culture, such as leadership, communication patterns, and organizational structure.