Modus Operandi (MO) Is a Latin Term That Means

question 24

Multiple Choice

Modus operandi (MO) is a Latin term that means:

• A) Seize the data
• B) Ways and means
• C) Operator error
• D) A method of operating

---

Definitions:

Quantity Standard

The expected or budgeted quantity regarding inputs or outputs, used as a performance measure or pricing basis.

Price Standard

A predetermined cost that represents what should be paid for a unit of input, such as materials or labor.

Materials Price Variance

Materials price variance is the difference between the actual cost of materials used in production and the standard cost expected, it can indicate changes in market prices or purchasing efficiency.

Quantity Standard

A specific measure established to gauge the expected or optimal quantity of input required to produce a unit of output.