Which Statement Indicates the Difference Between Artifacts and Basic Assumptions

question 76

Multiple Choice

Which statement indicates the difference between artifacts and basic assumptions?

• A) Artifacts are stories and rituals while basic assumptions are human relationships.
• B) Artifacts are testable while basic assumptions are not.
• C) Artifacts are values while basic assumptions are assumptions.
• D) Artifacts are historically based while basic assumptions are perception based.

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Definitions:

Standard Costing

A cost accounting method that uses standard costs for direct materials, labor, and overhead to help managers control costs by comparing expected costs to actual costs.

Isolating Variances

A process in managerial accounting for identifying and analyzing differences between actual and expected performance.

Direct Materials

Raw materials directly traceable and assignable to a manufactured product as it is being produced.

Direct Labour

The labor costs directly attributable to the production of goods or the provision of services.