The Omnipotent View of Management Means ________

question 43

Multiple Choice

The omnipotent view of management means ________.

• A)the top manager is the only person in charge
• B)managers are directly responsible for an organization's success or failure
• C)managers have little or no responsibility for an organization's success or failure
• D)outside forces have the most influence on organizational outcomes

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated before the period begins based on estimated costs.

Variable Overhead

Costs that vary with the level of production output, such as utilities or indirect materials, but are not directly traceable to a specific unit of product.

Efficiency Variance

The difference between the actual input used to produce a good or service and the standard input expected, used to measure performance.

Fixed Manufacturing Overhead

Costs in the manufacturing process that do not change with the level of production, such as rent, salaries, and depreciation.