Stella, a Systems Manager for a Large Technology Company, Would

question 74

Multiple Choice

Stella, a systems manager for a large technology company, would like to get an understanding of her company's financial position with respect to assets and liabilities at the end of the fiscal year.To which of the following should she refer?

• A)Income statement
• B)Activity ratio
• C)TQM report
• D)Balance sheet
• E)Balance scorecard

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the production of goods or services, used for cost allocation and operational planning.

Standard

A level of quality or achievement, especially one that is used as a point of reference.

Budget

An estimation of revenue and expenses over a specified future period of time, used by organizations for planning and controlling their financial resources.

Standard Cost

A predetermined cost of manufacturing, selling, or administering each product or service, used as a benchmark to measure performance.