One of an Organization's Greatest Assets Can Be What Its

question 13

Multiple Choice

One of an organization's greatest assets can be what its people know about customers,its products,and its marketplace.An effort to systematically collect such information and make it accessible to others is

• A)data mining.
• B)knowledge management.
• C)parallel processing.
• D)intellectual accounting.
• E)human resourcing.

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Definitions:

Actual Output

Refers to the actual quantity of goods or services produced by a company, differentiating from planned or projected output.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity.

Fixed Costs

Costs that do not vary with changes in the volume of production or sales, such as rent, salaries, and insurance.

Activity Level

A measure in cost accounting that identifies the extent to which cost drivers affect the cost of producing goods or services.