___________ ___________ Are the Firms That Are Considered to Be

question 152

Multiple Choice

___________ ___________ are the firms that are considered to be the organization's closest challengers.

• A) Aggressive rivals
• B) Competitive rival.
• C) Direct rivals
• D) Indirect rivals
• E) Passive rivals

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Definitions:

Standard Cost System

This system assigns predetermined costs to the manufacture of products and services, used for budgeting and controlling expenses.

Fixed Manufacturing Overhead Rate

A constant charge that represents the total fixed manufacturing overhead costs divided by the standard allocation base.

Variances

The difference between planned or expected financial outcomes and the actual results achieved, often analyzed in budgeting and cost control.

Direct Labor-Hours

The number of hours spent by workers producing a company's goods, a measure of direct labor input.