Which of the Following Key Planning Elements Should Provide a Competitive

question 67

Multiple Choice

Which of the following key planning elements should provide a competitive advantage that can be defended?

• A)Opportunity
• B)Risk and reward
• C)People
• D)Competition
• E)Context

---

Definitions:

Machine Hour

A measure of production time, used as a basis for allocating manufacturing overhead costs to products based on machine usage.

Factory Overhead Rates

A calculation used in manufacturing to allocate indirect costs, like utilities and salaries, to products.

Machine Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs to products.

Direct Labor Hours

The total hours of work directly involved in the production of goods, often used in costing and operational efficiency analysis.