Which of the Following Is a Force That Shapes an Organization's

question 14

Multiple Choice

Which of the following is a force that shapes an organization's profit potential?

• A)Investors
• B)Potential entrants into the market
• C)Creditors
• D)Research and development

---

Definitions:

Direct Labor-Hours

The combined hours worked by staff directly partaking in the manufacturing activities.

Standard Hours Allowed

The amount of work hours allocated for the completion of a specific task, based on standard performance.

Materials Price Variance

The difference between the actual cost of materials purchased and the expected (standard) cost, indicating how material cost fluctuations affect production costs.

Quantity Standard

The expected or budgeted quantity regarding inputs or outputs, used as a performance measure or pricing basis.