All of the Following Are Questions That Should Be Considered

question 52

Multiple Choice

All of the following are questions that should be considered in the environmental and industry analysis section of the business plan except: 

• A) What are total industry sales over the past five years?
• B) Who are the nearest competitors?
• C) What is my promotional strategy?
• D) What is anticipated growth in this industry?

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Definitions:

Indirect Labor Cost

Costs related to employees who assist in the production process but do not actively work on the product, such as maintenance staff and supervisors.

Manufacturing Overhead

All indirect costs associated with the production process, including utilities, depreciation, and supervision expenses, not directly tied to specific product units.

Job-order Costing System

An accounting method that assigns costs to specific production batches or projects, tracking the direct and indirect costs involved.

Job Cost Sheet

A form that records the direct materials, direct labor, and manufacturing overhead cost charged to a job.