An Organization's General Environment

question 194

Multiple Choice

An organization's general environment

• A) includes a set of broad dimensions.
• B) includes forces in its surroundings.
• C) refers to the overall context of the environment.
• D) is not necessarily associated with specific organizations.
• E) All of these choices

---

Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead cost incurred during a period and the standard cost that should have been incurred based on the actual activity of the period.

Direct Labor-Hours

A measure of the total hours worked by employees directly involved in manufacturing a product or providing a service.

Overhead Budget

A financial plan estimating the expected indirect costs required to support operational activities within a certain period.

Variable Overhead Costs

Costs that fluctuate with production volume, such as utilities or raw materials.