One of the Four Primary Functions of Management Is

question 197

Multiple Choice

One of the four primary functions of management is

• A) controlling.
• B) marketing.
• C) financing.
• D) designing.

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Definitions:

Direct Labor-hours

The whole amount of production time by workers intimately involved in manufacturing.

Variable Manufacturing Overhead

Indirect manufacturing costs that fluctuate with production volume, such as utilities and indirect materials.

Standard Costing System

is an accounting method used to estimate the cost of production, based on standard costs for materials, labor, and overhead, for the purpose of budgeting and cost control.

Standard Machine Setups

Predetermined procedures and settings used to configure machinery for production runs, aimed at optimizing efficiency and quality.