Which One of the Following Is Not Part of the Process

question 86

Multiple Choice

Which one of the following is not part of the process of developing industry scenarios?

• A) Examine possible shifts in societal variables.
• B) Identify uncertainties in each of the six forces in the task environment.
• C) Generate at least 15 scenarios.
• D) Make a range of plausible assumptions about future trends.
• E) Analyze the industry situation that would prevail under each scenario.

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Definitions:

Work in Process

Refers to the cost of unfinished goods in the manufacturing process including labor, raw materials, and overhead costs.

Total Conversion Costs

Total conversion costs are the sum of labor and overhead expenses incurred to convert raw materials into finished goods.

Ending Work in Process

The balance of goods that are still in the production process at the end of an accounting period and have not yet been completed.

Units Started

The quantity of units that began production over a particular period in the manufacturing process.