If Actual Costs Are Less Than Standard Costs, the Variance

question 105

True/False

If actual costs are less than standard costs, the variance is favourable.

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Definitions:

Fear of Failure

The persistent anxiety or aversion to the possibility of failing, which can inhibit one's willingness to take risks or attempt certain tasks.

Desire for Success

The motivation or drive to achieve goals and excel in tasks.

Negative Relationship

A relationship in which one variable decreases as the other increases, indicating an inverse association between them.

Drive Theory

A theory suggesting that motivation is based on the goal of eliminating uncomfortable states that arise from physiological needs.