A variable is defined as a
a. quantity of interest that can take on same values.
b. set of values.
c. quantity of interest that can take on different values.
d. characteristic that takes on same values from a set of values.
C
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The difference between actual quantity used and standard quantity multiplied by standard price is the equation for computing the
a. direct labor efficiency variance. b. direct materials price variance. c. direct labor rate variance. d. direct materials quantity variance.
The results of product research conducted within a particular cultural setting
a. can be applied broadly as long as all words are corrected translated. b. has proven suitable for global application by such companies as Disney and Coca Cola. c. can prove inappropriate and cause serious problems when applied on a global scale. d. has proven the constancy of human behavior.
Marilyn, George, and Christine pool their money to buy land to operate a vegetable farm from which they plan to sell the produce and share the profits or losses. Are they partners?
a. Yes, since they are associating to carry on a for-profit business which they co-own. b. No, because they each control the use of the land. c. Yes, because if there is a loss in the land's value, they will all share that loss. d. No, they are merely joint venturers.
The strategy where workforce (capacity) is kept stable but the number of hours worked is varied over time in an effort to synchronize production with demand is the
A) flexibility strategy. B) chase strategy. C) level strategy. D) mixed strategy.