Of the Following, Which Is One of the Functions of Management

question 120

Multiple Choice

Of the following, which is one of the functions of management described by Fayol?

• A)Accommodating
• B)Coordinating
• C)Arbitrating
• D)Collaborating
• E)Tasking

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Definitions:

Variable Costing

An accounting practice that only factors in variable production expenses (like direct materials, direct labor, and variable manufacturing overhead) into the cost of goods.

Unit Product Cost

The total cost (including materials, labor, and overhead) divided by the number of units produced, representing the cost to produce a single unit of product.

Variable Costing

A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculation, excluding fixed overhead.

Net Operating Income

Net operating income is the profit generated from a company's normal business operations, excluding expenses and revenues from non-operating activities.