Which of the Following Contributes Most to Business Value

question 69

Multiple Choice

Which of the following contributes most to business value?

• A) people, technologies, and information
• B) technologies, capabilities, and culture
• C) information, people, and management
• D) capabilities, culture, and management

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Definitions:

Total Manufacturing Costs

The sum of all costs directly involved in producing a product, including raw materials, labor, and manufacturing overhead.

Manufacturing Overhead

Costs incurred in the manufacturing process that are not directly tied to a specific product, including indirect materials, indirect labor, and other factory-related expenses.

Work In Process Inventory

An accounting inventory category that refers to partially completed goods still in the production process.

Finished Goods Inventory

Inventory consisting of fully finished goods that are prepared for sale but have not been purchased yet.