To Effectively Plan Variable Overhead Costs for a Product or Service,managers

question 9

Multiple Choice

To effectively plan variable overhead costs for a product or service,managers must focus attention on the activities that make a superior product and ________.

• A)create a balanced scorecard
• B)eliminate activities that do not add value
• C)instruct staff in time-saving initiatives
• D)calculate possible unused capacities
• E)curtail activities that are not absolutely necessary

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Definitions:

Subleases

Secondary leases whereby the original tenant rents out their rental property to a new tenant, transferring some or all of their tenancy rights to the subtenant.

Liable

Legally responsible or obligated to provide compensation for causing loss or damage through negligent or wrongful acts.

Irrevocable Right

A legal entitlement or authority that cannot be revoked, altered, or undone once it has been granted or established.

License

A revocable right to use another’s property temporarily.