To Come Up with Good Businesses Ideas You Should Do

question 38

Multiple Choice

To come up with good businesses ideas you should do all of the following except _____.

• A)have lots of ideas
• B)ask yourself what you want to sell
• C)be creative
• D)seek product ideas from people inside your organization

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Definitions:

Direct Materials

Direct materials are the raw materials that are directly traceable and integral to the finished product in the manufacturing process.

Variable Manuf. Overhead

Costs of manufacturing overhead that vary with the level of production activity.

Labour Rate Variance

The difference between the actual cost of labor and the budgeted or standard cost of labor.

Standard Labour Rate

The predetermined cost associated with labor per unit of time, used as a benchmark for budgeting and cost control.