Which of the Following Is an Example of a Strategic

question 60

Multiple Choice

Which of the following is an example of a strategic management decision that uses cost information?

• A) determination of Cost of Goods Sold for the income statement
• B) identification of value-chain function to outsource
• C) evaluation of operational cost control program
• D) assessment of process improvement efforts in quality control

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Definitions:

Goods and Services

The output of an economy's business activities, encompassing tangible products (goods) and intangible offerings (services).

Progressivity

Refers to the degree to which a tax system taxes higher incomes at higher rates.

OECD Countries

Member countries of the Organisation for Economic Co-operation and Development, which are generally regarded as developed countries with high-income economies.

U.S. Tax System

A system by which the government of the United States funds its operations through the imposition of various types of taxes on individuals and businesses, including income, sales, and property taxes.