What is the internal business process perspective?
Metrics based on this perspective allow the manager to know how well their business is running, and whether its products and services conform to customer requirements.
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Which of the following questions is false?
a. capital budgeting involves comparing and evaluating alternate projects. b. Many firms use both financial and nonfinancial criteria to evaluate proposed capital projects c. a capital asset can be either tangible or intangible. d. budgets are not prepared for anticipated capital expenditures
Which of the following refers to developing policies and practices that enhance the competiveness of an organization while advancing the economic and social conditions of the community in which it operates?
A) the commons B) a systems view C) the triple bottom line D) shared value E) carbon footprint
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$78 Units in beginning inventory 0Units produced 8,800Units sold 8,700Units in ending inventory 100 Variable costs per unit: Direct materials$18Direct labor$10Variable manufacturing overhead$4Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$255,200Fixed selling and administrative expense$87,000 What is the unit product cost for the month under variable costing?
A. $66 per unit B. $37 per unit C. $32 per unit D. $61 per unit
Why is technology such an important factor of production?
What will be an ideal response?