Which of the Following Is a Possible Cause of an Unfavourable

question 95

Multiple Choice

Which of the following is a possible cause of an unfavourable materials efficiency variance?

• A) Using materials that do not meet specifications
• B) Using a higher class of labour than called for
• C) Using a higher quality of material than called for
• D) Using fewer hours of labour than labour specifications call for

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Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger individuals with disabilities.

Federal Budget Deficit

The financial shortfall when the federal government's expenditures exceed its revenues in a fiscal year.

Aggregate Supply

The total supply of goods and services available to a particular market from producers at various price levels, in the context of macroeconomic analysis.

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.