Core Competencies ______

question 3

Multiple Choice

Core competencies ______.

• A)are also known as competitive strengths within a business unit
• B)refer to the skills a business needs to acquire
• C)are not relevant for a diversified organization
• D)can be outsourced

Distinguish between the direct method and other methods for allocating service department costs to operating departments.

Understand the impact of lean production on process costing and the computation of equivalent units.

Understand the concept of service department cost allocation.

Learn the step-down method for allocating service department costs.

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Definitions:

Decrease Deposits

A reduction in the amount of funds deposited in banks or financial institutions, often indicating a shift in savings or investment strategies.

Excess Reserves

The reserves that banks hold over and above the legal requirement set by the central bank, available to lend or invest.

Income-producing Assets

Assets that generate revenue over time, such as rental properties, stocks, or bonds.

Banking Regulators

Agencies or bodies responsible for overseeing banks and ensuring the stability, safety, and compliance of the banking sector.