Man-Made Disasters Can Be Defined as The

question 61

Multiple Choice

Man-made disasters can be defined as the:

• A) destructive effects felt by a company when it is found out that a company has done something not in accord with good business practices.
• B) unfortunate investments made in floundering firms in the hope that they will turn around.
• C) adverse results caused by sudden decisions to hand over a business to a family member.
• D) devastating events caused directly and principally by one or more identifiable deliberate or negligent human actions.
• E) struggle for making money and controlling a debt-ridden business.

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Definitions:

Direct Labor Efficiency Variance

A measure that analyses the variance between the actual hours worked and the standard hours set for producing a certain number of units.

Deadbolt Locks

A locking mechanism distinct from spring bolt lock, offering more security by requiring a key or knob to move the lock into the locked and unlocked positions.

Materials Quantity Variance

The difference between the actual and standard quantity of materials used times the standard price.

Materials Price Variance

The difference between the actual price and standard price of raw materials times the actual quantity used or purchased.