Which of the Following Statements Regarding Organisational Vision Is False

question 22

Multiple Choice

Which of the following statements regarding organisational vision is false?

• A) Organisational vision means the same as core competencies
• B) Organisational vision is one tool for expressing an organisation's main purpose
• C) Organisational vision should be communicated to all employees
• D) Managers sometimes divide the organisational vision into one or more written statements

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Definitions:

Overhead Rate

The rate at which indirect costs are allocated to produced goods or services, often expressed as a percentage of direct labor or materials cost.

Activity-based Costing

An accounting method that assigns costs to products or services based on the activities they require, improving costing accuracy.

Overhead Cost

Overhead Cost encompasses indirect expenses related to operating a business that are not directly tied to a specific product or service, such as rent, utilities, and administrative salaries.

Departmental Overhead Rate

The rate used to allocate overhead costs to individual departments based on certain criteria or activities.