________ Involves Creating a Vision for Others to Follow, Establishing

question 238

Multiple Choice

________ involves creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business so that it is more effective and efficient.

• A) Organizing
• B) Production management
• C) Tactical planning
• D) Leadership

---

Definitions:

Direct Labor Cost

The wages and other costs for labor that is directly involved in the production of goods.

Manufacturing Overhead

All manufacturing costs except direct labor and direct materials, including maintenance and utilities.

Direct Labor Cost

The wages and benefits paid to workers who are directly involved in the production of goods or the provision of services.

Work in Process Inventory

Goods that are in the midst of production and not yet complete at the conclusion of an accounting cycle.