Regulatory Bodies Are Likely to Become More Diligent in Monitoring

question 22

Multiple Choice

Regulatory bodies are likely to become more diligent in monitoring the use of the title sport psychologist as well as the practices of sport psychology consultants.This is an example of which probable future trend of sport psychology over the next 20 years?

• A)Increased specialization and diversification
• B)Tension between academic and applied sport psychology
• C)Ethics and competencies
• D)Increased research and teaching opportunities
• E)Interdepartmental collaboration in teaching,research,and practice

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Definitions:

Labor Efficiency Variance

A discrepancy between the actual working hours and the expected standard hours, multiplied by the predetermined salary rate.

Direct Labor Standards

Direct labor standards are predetermined measures for the amount of labor time and cost that should be associated with producing a unit of product or performing a service.

Standard Cost Variances

The differences between the actual costs and the standard costs for manufacturing or service processes, used to control and manage expenses.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.