An Organization Attempts to Gain a Competitive Advantage by Training

question 89

Multiple Choice

An organization attempts to gain a competitive advantage by training its production workers to use new technologies.As a result,the workers can enlarge their skills.This is primarily focusing on which aspect of the organization?

• A)Quality
• B)Efficiency
• C)Innovation
• D)Customer responsiveness
• E)Empowerment

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Definitions:

Overhead Costs

Indirect expenses related to the day-to-day running of a business, not directly tied to specific product or service production.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs and treats fixed overhead costs as period costs.

Absorption Costing

An accounting method that incorporates all direct and indirect manufacturing costs into the cost of a product.

Net Profit

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.