External Decision Makers Can Be Divided into Four Groups

question 29

Multiple Choice

External decision makers can be divided into four groups. To which of these groups do unions belong?

• A) Managers and governing bodies
• B) Resource providers
• C) Financial institutions
• D) Reviewers and overseers

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Definitions:

Materials Per Unit

The quantity of materials required to manufacture a single unit of product, often used in costing and budgeting.

Total Pounds Needed

A quantity measurement usually used in manufacturing or production to indicate the total weight of material required.

Ending Direct Materials

The value of materials available for use at the end of an accounting period after accounting for all usage and purchases.

Direct Materials Purchases

The acquisition of raw materials used directly in the manufacturing of products, considered part of the inventory costs.