Which One of the Following Statements Is True

question 34

Multiple Choice

Which one of the following statements is true?

• A) If the materials price variance is unfavorable then the materials quantity variance must also be unfavorable.
• B) If the materials price variance is unfavorable then the materials quantity variance must be favorable.
• C) Price and quantity variances move in the same direction. If one is favorable the others will be as well.
• D) There is no correlation of favorable or unfavorable for price and quantity variances.

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Definitions:

Ethical Behavior

Ethical behavior entails acting in ways that are consistent with broadly accepted moral principles, such as fairness, honesty, and respect for others.

Business Strategy

A plan of action designed to achieve a specific goal or set of goals within a business.

Poker

A family of card games that combines gambling, strategy, and skill, where players bet based on the perceived value of their card combination.

Misrepresentation

The act of providing false or misleading information with the intention of deceiving others.