Social Media Is Proving Effective as a Means of Organisational

question 6

Multiple Choice

Social media is proving effective as a means of organisational communication because

• A)it enables two-way communication between an organisation and its stakeholders
• B)it can complement existing channels of communication
• C)it fosters partnerships within and outside the organisation
• D)all of the above

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Definitions:

Standard Fixed Manufacturing Overhead Rate

This refers to the predetermined rate at which fixed manufacturing overhead costs are allocated to units of production, based on an expected level of activity.

Work in Process

Goods in various stages of production, not yet completed but not as raw materials, within a manufacturing process.

Fixed Manufacturing Overhead Standards

Pre-determined benchmarks for the fixed costs involved in the production process, not varying with the level of output.

Budgeted Fixed Manufacturing Overhead

The estimated fixed costs involved in manufacturing that do not change with the level of production or sales volume.