-Figure 9-5 Above Represents the Seven Stages of the New-Product

question 323

Multiple Choice

-Figure 9-5 above represents the seven stages of the new-product development process. Stage 7 is the __________ stage.

• A)business analysis
• B)screening and evaluation
• C)market testing
• D)commercialization
• E)development

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Definitions:

Machine-Hours

A measure of production time, calculated as the total hours that machines are operating in the manufacturing process.

Job-Order Costing System

An accounting system that accumulates costs for each individual job or project, useful in custom manufacturing environments.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products or job orders, based on a certain activity base.

Machine-Hours

A measure of production output or activity based on the number of hours machines are operated in the manufacturing process.