Examlex
Which of the following is a possible cause of an unfavourable materials efficiency variance?
North America
A continent located in the northern hemisphere, bounded by the Arctic Ocean, Atlantic Ocean, and Pacific Ocean.
Europe
A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising countries with varied cultures and economies.
Luxury Good
A good for which demand increases more than proportionally as income rises, and is often considered non-essential but desirable.
First-Degree Price Discrimination
A pricing strategy where a seller charges each customer the maximum price they are willing to pay, capturing all consumer surplus.
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