A Change in Attitude and Behaviour of All Employees in an Organisation

question 1

Multiple Choice

A change in attitude and behaviour of all employees in an organisation is known as:

• A) people change
• B) cultural change
• C) organisational development
• D) horizontal linkage model
• E) None of these choices.

---

Definitions:

Variable Costing

An accounting method that only considers variable costs (costs that change with production volume) in product costing and in the calculation of net income.

Absorption Costing

A method of product costing that includes all manufacturing costs, both variable and fixed, in the cost of a product.

Direct Labor Cost

The wages and related benefits paid to workers who are directly involved in the production of goods or services.

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.