Which of the Following Statements About Re-Engineering Is/are True

question 51

Multiple Choice

Which of the following statements about re-engineering is/are true?
i. Re-engineering is the complete redesign of a process in an attempt to find new creative ways to accomplish objectivity.
ii. Re-engineering involves more of a 'giant leap' than the concept of activity-based management.
iii. Re-engineering may entail high risks.

• A) i and ii
• B) i and iii
• C) ii and iii
• D) All of the given answers

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Definitions:

Manufacturing Overhead

Costs related to the production process that are not directly tied to the product, such as rent for the manufacturing space, utility costs, and salaries for manufacturing management.

Traditional Costing System

A costing method that assigns manufacturing overhead costs to products based on volume metrics such as machine hours or labour hours.

Direct Labor-Hours

The entirety of hours committed by personnel directly involved in the process of production.

Activity-Based Costing

An accounting method that assigns costs to products and services based on the activities and resources that go into producing them, providing more accurate product costing.