An Overall Management Philosophy Introduced by Goldratt to Help Organizations

question 69

Multiple Choice

An overall management philosophy introduced by Goldratt to help organizations continually achieve their goals best describes

• A)six sigma.
• B)theory of constraints.
• C)scrum.
• D)TMAP.

---

Definitions:

Underapplied

A situation in manufacturing where the allocated overhead costs are less than the actual overhead costs incurred.

Overapplied

A condition where the allocated or applied overhead costs exceed the actual overhead costs incurred, leading to a temporary discrepancy in accounting records.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead cost to products or job orders, based on expected overhead costs and a chosen allocation base.

Variable Component

A variable component refers to a part of a cost or expense that varies directly with the level of output or activity.