At the Beginning of the Competency, "Working and Managing Across

question 21

Multiple Choice

At the beginning of the competency, "Working and Managing Across Functions," you were asked to complete an assessment related to "mapping your organization" that asked you to obtain a copy of the organizational chart for your employer or school.What information can be found on an organizational chart?

• A)Information about formal reporting relationships between people in the organizations
• B)Information about where decisions are made in the organization
• C)Information about how long it takes for decisions to be made in the organization
• D)Information about formal reporting relationships between positions in the organization
• E)Information about informal reporting relationships among employees in the organization

---

Definitions:

Manufacturing Situations

Scenarios or contexts within which manufacturing processes take place, often influenced by factors such as technology, labor, and market demand.

Market Forces

The economic factors affecting the price, demand, and availability of products and services in a free market, such as supply and demand, competition, and consumer preferences.

Cost-Based Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost of production.

Product Costs

The total expenses incurred in creating a product, including materials, labor, and overhead costs.