If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is termed:
A) time variance
B) price variance
C) quantity variance
D) rate variance
A
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Kedzie Company determined that the book basis of its liability for "other postretirement benefits" (OPEB) exceeded the tax basis of this account by $10,000,000. This basis difference is characterized as:
A. Unfavorable permanent difference. B. Favorable permanent difference. C. Deductible temporary difference. D. Taxable temporary difference.
A __________ is a person or organization that helps another organization sell its goods and services to customers.
a. financier b. supplier c. strategic ally d. distributor e. special-interest group
According to ________, keeping a promise to abide by a contract is a moral duty even if that contract turns out to be detrimental to the obligated party
A) utilitarianism B) Kantian ethics C) Rawls's social justice theory D) moral relativism
________ are high level, often strategic decisions regarding which products or services will be provided internally and which will be provided by external supply chain members
Fill in the blank with the appropriate word.