Which Two of the Following Statements Are True

question 22

Multiple Choice

Which two of the following statements are true?

• A)Society is a system of interrelationships among people
• B)Only human animals are social and have societies
• C)Culture and society have the meaning and information that are associated with social networks
• D)All human cultures assign similar or same meanings to their social groups

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Definitions:

Flexible Budget

A projection of budget data for various levels of activity.

Overhead Applied

The portion of overhead costs allocated to individual products or job orders based on a predetermined rate.

Labor Price Variance

This is the difference between the actual cost of labor and the standard cost, indicating how much more or less was paid for labor than expected.

Direct Labor Cost

This refers to the wages and benefits paid for the hours that workers directly spend on manufacturing a product or performing services.