Which of the Following Is an Attribute of Traditional Costing

question 28

Multiple Choice

Which of the following is an attribute of traditional costing systems?

• A)raw materials are ordered in large quantities
• B)production is completed in self-contained work cells
• C)suppliers make frequent deliveries of small quantities of raw materials
• D)management works with suppliers to ensure defect-free raw materials

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Definitions:

Formal Chain

A structured sequence of command or a hierarchy within an organization, where communication and decisions flow through a pre-defined path.

Efficiency

The ability to accomplish a task or objective with the minimal expenditure of time and resources.

Competing Values Framework

A model that categorizes organizational cultures into four distinct types based on two dimensions: focus (internal vs. external) and structure (flexibility vs. stability).

Market Culture

A type of organizational culture that is characterized by a strong emphasis on competitiveness, results, and achieving measurable goals.