The Three Types of Basic Processes on a Process Model

question 58

Multiple Choice

The three types of basic processes on a process model:

• A)Sequence,selection and iteration processes
• B)Navigation,status and work processes
• C)Afferent,central and efferent processes
• D)Batch,online and real time processes
• E)Singular,bilateral and library processes

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Definitions:

Direct Labor-hours

The complete tally of hours that workers, directly involved in making products or providing services, spend working.

Actual Direct Labor Cost

The total expense of labor directly involved in the production of goods or services, as it actually occurred.

Labor Rate Variance

Labor rate variance measures the difference between the actual labor costs incurred and the expected (or standard) labor costs, indicating discrepancies in wage rates or labor efficiency.

Actual Direct Labor Rate

The actual wage rate paid to workers, as opposed to the expected or standard rate used in budgeting or costing.