What Has Been the Range for the Duration in Months

question 93

Multiple Choice

What has been the range for the duration in months of U.S. recessions between 1950 and 2009?

• A) 2 months to 5 months
• B) 6 months to 18 months
• C) 19 months to 25 months
• D) 26 months to 30 months

Recognize innovation within an existing business firm.

Understand the concept and sources of venture capital.

Define and identify examples of intrapreneurs.

Discriminate between spin-off firms and original firms.

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Definitions:

Total Cost Variance

The difference between the budgeted or standard cost of production and the actual cost incurred.

Direct Materials Price Variance

The difference between the actual cost of direct materials used in production and the standard cost, indicating cost management efficiency.

Direct Materials Quantity Variance

The discrepancy between the true usage of direct materials in production processes and the forecasted standard usage, multiplied by the standard unit cost.

Total Direct Materials Cost Variance

The difference between the actual cost of direct materials used in production and the standard cost of those materials.