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Kevin Smith is the production manager of Mydas Ltd, a company that manufactures a range of motor vehicles. His role includes overseeing the entire production process of Mydas Ltd's three product lines: family cars, sports cars, and motor cycles. Once completed, all the cars are shipped within Australia and to China and Korea by the company's shipping and transportation department.
Identify two examples of controllable costs and two examples of uncontrollable costs for Kevin. Explain your answer.
Layoff
The temporary or permanent dismissal of employees from their job due to economic downturns, restructuring, or other organizational changes.
CEO
Chief Executive Officer, the highest-ranking person in a company or institution, ultimately responsible for making managerial decisions.
Verbal Communication
The use of spoken or written words to convey a message or exchange information between individuals or groups.
Nonverbal Communication
Involves the transmission of messages or information between individuals through visual, auditory, tactile, and kinesthetic means without using words.
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