Javier Lopez of Software Solutions Is an Effective and Efficient

question 22

Multiple Choice

Javier Lopez of Software Solutions is an effective and efficient manager. However, he always points out what can go wrong, and he avoids personal conversations and office parties. Javier can be classified as

• A)an extravert.
• B)having an external locus of control.
• C)having high self-esteem.
• D)an introvert.
• E)being open to change.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost, used to assess cost control.

Production Manager

An individual responsible for overseeing the production process, managing production staff, and ensuring that manufacturing processes are efficient and effective.

Variable Overhead Efficiency Variance

The difference between the actual and expected (or standard) variable overhead costs based on the actual production hours.

Standard Activity

A benchmark or norm for measuring performance or efficiency, often used in costing and budgeting processes.