Which of the Following Management Tools Is a Key Component

question 10

Multiple Choice

Which of the following management tools is a key component of target costing?

• A) Management simulation.
• B) Linear programming.
• C) Value engineering.
• D) Goal programming.
• E) Performance reporting systems.

---

Definitions:

Formal Education

The most structured type of explicit education, through which adults instruct the young in the specialized knowledge and skills of their culture.

Specialized Knowledge

Expertise or skills in a specific, narrowly defined field or area of study.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their society or cultural group, forming their identity and societal roles.

Social Organization

The structured patterns of relationships and roles found in groups and societies, influencing behavior and social functioning.