The Individual Generally Responsible for the Direct-Material Price Variance Is

question 39

Multiple Choice

The individual generally responsible for the direct-material price variance is the:

• A) sales manager.
• B) production supervisor.
• C) purchasing manager.
• D) finance manager.
• E) head of the human resources department.

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Definitions:

Debenture Bonds

Unsecured bonds that rely on the creditworthiness and reputation of the issuer rather than collateral.

Secured Bonds

Bonds that are backed by specific assets of the issuer as collateral, giving bondholders a claim to those assets if the issuer defaults.

General Credit

An overarching term that may refer to the creditworthiness of an individual or entity, or sometimes used to describe general lines of credit available for borrowing.