Which of the Following Is a Function of a Technical

question 85

Multiple Choice

Which of the following is a function of a technical innovator?

• A) supports an innovation by sponsoring financial and managerial resources
• B) promotes a new technology throughout the organization
• C) develops a new technology
• D) secures acceptance for a new idea within the organization
• E) imparts training for specific interpersonal skills

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Definitions:

Absorption Costing

An accounting formula that rolls in every cost incurred in manufacturing—direct materials, direct labor, and both variable and fixed manufacturing overhead—into the product’s final cost.

Markup

The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the gain from the investment by its cost.

Absorption Costing

An approach to product costing that compounds all expenses involved in manufacturing, such as direct materials, labor costs, and all types of overheads, into the product’s final cost.