Refer to IT's About Business 2

question 66

Multiple Choice

Refer to IT's About Business 2.2 - Chevron: The changes over the past few years at Chevron were brought about by __________ and __________ at the company level and ____________ at the local level.

• A) BPI, BPM, BPR
• B) BPR, BPI, BPM
• C) BPM, Six Sigma, BPR
• D) BPR, BPM and BPI

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Definitions:

Overhead Costs

Indirect costs of running a business that are not directly tied to production, such as rent, utilities, and salaries.

Departmental Overhead Rate

An allocation rate used to assign overhead costs to specific departments based on relevant criteria, such as labor hours or machine hours.

Machine Hours

Machine hours refer to the total operating time of a machine or group of machines during a specific period, used as a basis for allocating costs in manufacturing.

Departmental Overhead Rates

Costs associated with a department's operations that are distributed across products or services, often based on a predetermined rate.