A Hedge Fund

question 35

Multiple Choice

A hedge fund

• A)is a public financial institution
• B)has its shares registered with the Federal Reserve
• C)is open to a select number of individual investors
• D)has actively traded shares

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Definitions:

Materials Price Variance

The difference between the actual unit price paid for an item and the standard price, multiplied by the quantity purchased.

Standard Quantity

The expected or established quantity of materials or labor expected to be used during a manufacturing process or production cycle.

Standard Price

Standard price is the pre-determined cost that a company expects to pay for goods, materials, or services, used in budgeting and cost control.

Actual Output

Actual output is the real quantity of goods or services produced by a company or economy, as opposed to planned or theoretical outputs.