Favorable Price Variances Occur Because of

question 19

Multiple Choice

Favorable price variances occur because of

• A) Rising prices of finished goods
• B) Increases in raw materials efficiency
• C) Price decreases in raw materials
• D) Efficiency in the production department

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Definitions:

Genuineness

The quality of being honest, sincere, and authentic in one's expressions or feelings.

Behavior Modification

A psychological strategy aimed at changing specific undesirable behaviors through reinforcement, punishment, or other learning techniques.

Classical Conditioning

An educational method where two stimuli are consistently associated; initially, the response is triggered by the second stimulus but over time, it becomes triggered by the first stimulus alone.

Operant Conditioning

An educational method where the intensity of an action is altered through either rewards or consequences.