All of the Following Are True Except

question 30

Multiple Choice

All of the following are true except

• A) A favorable labor efficiency variance could result from using higher quality materials that result in fewer inspections.
• B) A favorable labor rate variance could result from lower wage workers quitting.
• C) A favorable materials price variance could result from purchasing identical materials from another supplier at a lower price.
• D) An unfavorable materials usage variance could result from not efficiently utilizing raw materials, thus causing waste.
• E) An unfavorable labor efficiency variance can be caused by machine downtime, and poor quality materials.

Understand the methodologies and principles used in personality research, including measurement, psychodynamic perspectives, and the impacts of personality on behavior.

Understand the fundamental definitions and functions of various derivative contracts including futures, options, and swaps.

Recognize the processes and outcomes of hedging strategies using derivative securities.

Identify the differences between forward contracts and options, and their respective valuation mechanisms.