A(n)_____ Strategy Is Centralized and Controlled by the Home Office

question 45

Multiple Choice

A(n) _____ strategy is centralized and controlled by the home office and seeks to maximize worldwide efficiency.

• A)global
• B)differentiation
• C)multidomestic
• D)transnational
• E)cost-leadership

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Definitions:

Direct Materials Price

The cost of raw materials and components required for the manufacture of a product.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.

Direct Materials Price Variance

The difference between the actual cost of direct materials and the expected (or standard) cost, used in manufacturing and budgeting.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit of material.