________ Refers to the Need of the Organization to Fully

question 35

Multiple Choice

________ refers to the need of the organization to fully analyze the type,number,and responsibilities of the various positions and align these to the tasks needed to be completed.

• A) Framework for customer connection
• B) Work efficiencies
• C) Continuous improvement tactics
• D) Degree of Departmentalization
• E) Customer intimacy

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Definitions:

Common Fixed Expenses

Costs that do not vary with the level of production or sales over a certain period and are shared among different segments or products of the business.

Absorption Costing

This accounting approach incorporates every manufacturing expense, such as direct materials, direct labor, plus variable and fixed overhead costs, into the product's total cost.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Product Costs

The costs directly associated with the creation of a product, encompassing direct materials, direct labor, and manufacturing overhead.