Question

1. Match with the proper definition

A. CFO

B. Fixed Cost

C. Indirect Cost

D. Management by exception

E. Non - Controllable Cost

F. Opportunity Cost

G. Sunk Cost

H. Supply Chain Management Systems

I. Value Chain

J. Variable Cost

_____The benefits forgone when one alternative is selected over another

_____Organize the activities between a company and its suppliers

_____A cost that does not change, in total, with changes in the level of business activity

_____investigating departures from the plan that are significant

_____ A cost that was incurred in the past

_____A cost that cannot be easily traced to a particular cost object

_____A cost that does not change on per unit basis with changes in the level of business activity

_____The senior executive responsible for accounting and financial operations

_____ A company internal operations and its relationships and interactions with suppliers and customers

_____ A cost that a manager cannot Influence

Answer 1

A. CFO :- The senior executive responsible for accounting and financial operations.

B. Fixed Cost :- A cost that does not change on per unit basis with changes in the level of business activity.

C. Indirect Cost :- A cost that cannot be easily traced to a particular cost object.

D. Management by exception :- investigating departures from the plan that are significant.

E. Non - Controllable Cost :- A cost that a manager cannot Influence .

F. Opportunity Cost :- The benefits forgone when one alternative is selected over another.

G. Sunk Cost :- A cost that was incurred in the past.

H. Supply Chain Management Systems :- Organize the activities between a company and its suppliers .

I. Value Chain:- A company internal operations and its relationships and interactions with suppliers and customers.

J. Variable Cost :- A cost that does not change, in total, with changes in the level of business activity.