The Three General Types of Decisions with Regard to the Operations

question 20

Multiple Choice

The three general types of decisions with regard to the operations and supply chain function include ______.

• A)decisions related to the primary firm,first-tier suppliers,second-tier suppliers
• B)corporate,business,functional decisions
• C)strategic,tactical,operational decisions
• D)logistics,transportation,warehousing decisions

Recognize the types of costs included in the job cost sheet and their importance in job order costing.

Distinguish between direct and period costs and their treatment in cost accounting.

Analyze the impact of over or underapplied overhead on cost of goods sold and financial statements.

Understand the concept of conflict resolution stages and strategies.

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Definitions:

Toxic Waste Discharge

The release of harmful pollutants into the environment, usually from industrial operations.

Stringent Restrictions

Strict or severe limitations or rules that must be followed.

Target Level

A specific goal or benchmark that an individual, team, or organization aims to achieve.

Compounded Quarterly

An approach to interest calculation where the earned interest is compounded to the principal quarterly, resulting in the accumulation of interest upon interest.