A Favorable Cost Variance Occurs When Actual Cost Is Less

question 41

True/False

A favorable cost variance occurs when actual cost is less than standard cost at actual volumes.

Identify and differentiate between sociological perspectives on crime and deviance, such as functionalism, conflict theory, social control, and postmodernism.

Understand the concepts of common law and the distinction between crimes and deviance.

Recognize the variability and social construction of deviance definitions.

Explore gender differences in perceptions and standards of deviance.

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Definitions:

Attribution Theory

A psychological theory that explains how individuals pinpoint the causes of their own and others' behavior and events.

External Attribution

The process of explaining one's own behavior or the behavior of others by attributing it to external causes or the environment.

Fundamental Attribution Errors

A cognitive bias where individuals overemphasize personal characteristics in explaining others' behavior neglecting situational factors.

Public Policy Reasons

Justifications or rationales based on the public good or societal interests that guide or influence legislative, governmental, or organizational decisions.