The Integration of Two or More Activities to Plan, Implement

question 109

Multiple Choice

The integration of two or more activities to plan, implement, and control the efficient flow of raw materials, in-process inventory, and finished goods from the point of origin to the point of consumption is called:

• A)marketing management.
• B)resource management.
• C)logistics management.
• D)total quality management.
• E)production management.

---

Definitions:

Work in Process Inventory

Represents the value of unfinished goods that are in the process of being manufactured.

Variable Manufacturing Overhead

Costs in manufacturing that vary with the level of production output, such as utilities and commissions.

Work in Process Inventories

Goods that are in the process of being manufactured but are not yet completed, representing a stage between raw materials and finished goods.

Standard Cost System

A cost accounting method that assigns expected costs to each unit of product to help managers assess actual performance.