The Term Operating Managers Would Typically Apply to Which of the Following

question 72

Multiple Choice

The term operating managers would typically apply to which of the following?

• A) Operations clerk
• B) VP of Human Resources
• C) Production supervisor
• D) Both A and C

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Definitions:

Cost-Plus Methods

Pricing strategies where a fixed percentage or set amount is added to the production cost to determine the selling price of a product or service.

Markup

The amount added to the cost of goods to cover overhead and profit when determining the selling price.

Sunk Cost

A sunk cost refers to money that has already been spent and cannot be recovered, often considered when making financial decisions about future investments.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired.