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Integral Parts of the Managerial Process

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Which of the following are integral parts of the managerial process of crafting and executing strategy?

a. Developing a strategic vision, setting objectives, and crafting a strategy

b. Developing a proven business model, deciding on the company's strategic intent, and crafting a strategy

c. Setting objectives, crafting a strategy, implementing and executing the chosen strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage

d. Coming up with a statement of the company's mission and purpose and communicating it to all employees, setting objectives, choosing what business approaches and operating practices to employ, selecting a business model, and monitoring developments and initiating corrective adjustments.

e. Deciding on the company's strategic intent, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.

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a. Developing a strategic vision, setting objectives, and crafting a strategy

B, C, D, and E all measure ...

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Complete each of the following statements by writing the appropriate words in the Answers column.

6) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column.

1.A department unit that provides services, assistance, and advice to departments directly involved in the basic objectives of the organization is a

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2. ______ data

3.______ data

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5.The chief management accountant is called the

6-7.Manufacturing costs are generally classified into two categories:

6.

7.

8.The development of organizational objectives and the translation of these objectives into courses of action is called

9-11.Work in process consists of these costs that have entered the manufacturing process on unfinished products:

9.

10.

11.

12.The term used to describe the cost of materials that are an integral part of total product cost is

13.Factory overhead is sometimes called

14.Direct labor and factory overhead are what kind of cost of the product?

15.Direct labor and direct materials are what kind of cost of the product?

16.The information that allows management to isolate significant departures from plans for further investigation and possible remedial action is called

17. The philosophy of continually improving employees, business processes and products is called

18.Indirect materials, indirect labor, and production-equipment depreciation expense are examples of this manufacturing cost

19. The cost of finished products on hand that have not been sold is called

20.The cost of a machine operator's wages in a tool manufacturing plant would be a (direct, indirect) cost

21.Costs which make up the cost of manufacturing a product are called

22.Costs which are incurred in operating the selling and administrative operations of a business are called

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24.The accounting report that accumulates the product costs originating with inventory and ending with the cost of goods sold is the

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