All of the Following Are Parts (Or Basic Building Blocks)

question 33

Multiple Choice

All of the following are parts (or basic building blocks) of a formal control system EXCEPT:

• A) the establishment of performance standards.
• B) the measurement and evaluation of performance against standards.
• C) the analysis and correction of deviation from standards.
• D) perfection training.
• E) none of the above.

Appreciate the importance of legal and ethical standards in determining what is considered white collar crime.

Understand the different types of justice (distributive, procedural) and their relevance in ethical decision-making and societal norms.

Understand the principles and conceptual differences among major ethical philosophies including teleology, deontology, egoism, and utilitarianism.

Identify how individual sensitivity to ethical issues can vary according to their moral philosophy orientation.

---

Definitions:

Manufacturing Costs

Costs associated with the production of goods, including direct materials, direct labor, and manufacturing overhead.

Direct Labour

The work done by employees directly involved in manufacturing a product or delivering a service, typically accounted for as a variable cost.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product in a cost-effective manner.

Manufacturing Overheads

Indirect costs related to manufacturing that cannot be directly traced to specific products, including utilities, maintenance, and factory equipment depreciation.