Some Universities Offer Online Degree Programs,competing with Traditional Colleges Based

question 63

Multiple Choice

Some universities offer online degree programs,competing with traditional colleges based on the convenience of taking online courses.These online programs are most likely pursuing which macro strategy?

• A) customer excellence
• B) locational excellence
• C) operational excellence
• D) product excellence
• E) purchase excellence

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Definitions:

Actual Overhead

The actual amount of indirect costs associated with production, including utilities, maintenance, and factory overhead, incurred during a specific period.

Labor Rate Variance

A measure of the difference between the actual cost of labor and the budgeted or standard cost.

Direct Labor

Direct labor costs are the wages and benefits paid to employees who are directly involved in producing goods or providing services.

Standard Labor Cost

The predetermined cost of the labor necessary to produce a unit of output, based on expected productivity rates.