The Materials Management System Must Be Synchronized and Coordinated to Be

question 82

Multiple Choice

The materials management system must be synchronized and coordinated to be

• A)effective.
• B)interlinked.
• C)tolerated.
• D)computerized.

Distinguish between variable costs and fixed costs.

Compute the cost of goods manufactured.

Understand the concept of work in process inventory and how to calculate its ending balance.

Prepare a schedule of cost of goods manufactured.

---

Definitions:

Unstable

Lacking consistency or predictability; prone to rapid or unexpected change.

Uncontrollable

Refers to anything beyond one's power or authority to command, regulate, or restrain.

Fundamental Attribution Error

The fundamental attribution error is a cognitive bias where people disproportionately attribute others' actions to their personality or disposition rather than situational factors.

Actor/Observer Bias

The tendency to attribute one's own actions to external causes while attributing others' actions to their internal characteristics.