What Are the Differences Between the Chronological, Functional and Targeted

question 17

Essay

What are the differences between the chronological, functional and targeted résumés? Describe the contents of each broad section of a résumé. Explain the main advantages of each type of résumé.

Understand the principles behind cost-plus pricing.

Calculate and compare production costs for making vs. buying decisions.

Prioritize product production based on contribution margin per constraint unit (e.g., machine hours).

Recognize the concept of opportunity cost and its importance in managerial decision-making.