Management Accounting - Study Mode
[#86] Sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as
Correct Answer
(B) investments
Explanation
Solution: Sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as investments. An investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
[#87] Consumed time to deliver a complete order to its customers is termed as
Correct Answer
(C) delivery time
Explanation
Solution: Consumed time to deliver a complete order to its customers is termed as delivery time.
[#88] Number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate
Correct Answer
(A) employee satisfaction
Explanation
Solution: Number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate employee satisfaction. "Employee satisfaction" is the term used to describe whether employees are happy and fulfilling their desires and needs at work.
[#89] If number of processes, in which employees who can make decisions are 20 and number of processes are 50, then employee empowerment ratio will be
Correct Answer
(B) 0.4
Explanation
Solution: Employee empowerment ratio = Employees who can make decisions ÷ Number of processes = 20 ÷ 50 = 0.4.
[#90] Time between a customer's order placement till customer receives its delivery is known as
Correct Answer
(C) customer response time
Explanation
Solution: Time between a customer's order placement till customer receives its delivery is known as customer response time. It is the time between when a customer makes an inquiry about a product or commits to a purchase a good or service and when it is actually received by said customer.