The Primary Decision Makers of an Organization Are Often Called

question 29

Multiple Choice

The primary decision makers of an organization are often called the ___________.

• A) dominant coalition
• B) shareholders
• C) internal public
• D) stakeholders
• E) None of these

Recognize the role of financial markets and intermediaries in the economy.

Identify the economic sectors of industrialized economies and their components.

Conceptualize the principle of maturity matching in financing projects.

Understand the concepts of moral hazard and agency problems in financial contexts.

---

Definitions:

Variable Manufacturing Overhead

Costs that fluctuate with production volume, such as utilities and materials used in the production process.

Direct Labor-Hours

The total number of hours worked by employees who are directly involved in the manufacturing process.

Fixed Manufacturing Overhead

Costs in manufacturing that do not change with the level of production output, such as rent, salaries of permanent staff, and depreciation of factory equipment.

Job-Order Costing System

A costing system that assigns costs to specific production jobs, useful for customized orders.