If the Labour Quantity Variance Is Unfavourable and the Cause

question 22

Multiple Choice

If the labour quantity variance is unfavourable and the cause is inefficient use of direct labour, the responsibility rests with the

• A)sales department.
• B)production department.
• C)budget office.
• D)controller's department.

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Definitions:

Intentional Deception

The act of deliberately misleading or lying to others, potentially to gain an advantage or hide information.

Unfair Economic Advantage

A situation where a business or country gains a superior position in the market or economy through unethical, illegal, or inequitable practices.

Accounting Fraud

Deliberate manipulation or falsification of financial records and statements to give a misleading view of a company's financial health.

Bond Ratings Agencies

Organizations that assess the creditworthiness of both sovereign and corporate issuers of debt securities, providing investors with information on the risk level of their investments.