Any Organization's Environment Has Three Dimensions

question 12

Multiple Choice

Any organization's environment has three dimensions. Identify these dimensions.

• A) stability, adaptability, and employee-orientation
• B) complexity, volatility, and capacity
• C) replaceability, product-orientation, and stability
• D) flexibility, employee-orientation, and capacity
• E) volatality, product-orientation, and adaptability

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Definitions:

Variable Overhead Efficiency Variance

A financial metric indicating the difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on the efficient use of variable inputs.

Variable Manufacturing Overhead

Costs that fluctuate with the level of production output, such as utilities or materials that vary with production volumes.

Direct Labor-hours

The total amount of time spent by workers directly involved in the manufacturing of a product.

Variable Overhead Standards

The budgeted or standard costs associated with variable overheads, which are expected to change in proportion to different levels of production activity.