When the Right Combination of Circumstances and Timing Permits an Organization

question 148

True/False

When the right combination of circumstances and timing permits an organization to take action to reach a particular target market, a core competency exists.

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Definitions:

Machine Hours

A measure of the time a machine is in operation, used in cost accounting to allocate machine costs to products.

Overhead Applied

The allocation of estimated overhead costs to specific jobs or production units during an accounting period.

Direct Labor Cost

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

Manufacturing Overhead

All indirect costs associated with the production of goods, such as utilities and salaries for non-direct labor.