But Being Able to Drive Transformation Forward, Involves a Number

question 20

Multiple Choice

But being able to drive transformation forward, involves a number of additional skills such as:

• A) political savvy.
• B) organizational problem solving.
• C) effective use of governance structures.
• D) governance design.
• E) All the above.

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Definitions:

Overhead Cost

Expenses that are not directly tied to production activities, such as rent, utilities, and general office expenses.

Machine Hours

A measure of production time where costs are allocated to products based on the number of hours machines are used in their manufacturing.

Actual Costing

A costing method that assigns actual costs of direct materials, direct labor, and overhead to products, instead of using estimated or standard costs.

Activity-Based Budgeting (ABB)

A method of budgeting where activities that incur costs in every function of an organization are recorded, analyzed and researched.