A(n)_____ Is Best Described as a Stand-Alone Division of a Larger

question 55

Multiple Choice

A(n) _____ is best described as a stand-alone division of a larger conglomerate,with its own profit-and-loss responsibility.

• A) corporation
• B) strategic business unit
• C) affiliate company
• D) functional department

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Definitions:

Bill of Lading

A legal document issued by a carrier to acknowledge receipt of cargo for shipment, acting as a contract and a receipt.

Direct Labor Cost

The total cost of all the labor work directly involved in the production of goods or the delivery of services.

Manufacturing Overhead-Applied

The allocation of manufacturing overhead costs to specific products or job orders based on a predetermined overhead rate.

Annual Overhead

The total expenses incurred by a business to operate over the course of a year, excluding direct labor and materials costs.