Which of the Following Could Be the Cause of a Favourable

question 48

Multiple Choice

Which of the following could be the cause of a favourable materials price variance?

• A) the price of materials in the original budget was set too high
• B) a discount on the purchase of materials
• C) well-trained production workers
• D) A and B

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Definitions:

Rationalism

The conviction that faith should align with logic and proof.

Empiricism

The belief that our physical senses are the primary source of knowledge.

Immanuel Kant

An 18th-century German philosopher known for his work in epistemology, ethics, and aesthetics, emphasizing duty and moral universality.

Self-Serving Bias

The common tendency to attribute one's successes to personal characteristics and failures to external factors.