Examlex
The phenomenon of groupthink is most likely to occur when a group is under stress,highly _______,and when the leader is very _______.
Raw Materials Quantity Variance
It measures the difference between the expected amount of raw materials needed for production and the actual amount used.
Standard Cost
A predetermined cost of manufacturing a single unit or a specified quantity of a particular product or service, used as a benchmark to measure performance.
Direct Material
Raw materials that are directly attributable to the product being manufactured and can be easily traced in the manufacturing process.
Output
In economic and production contexts, this refers to the total amount of goods or services produced by a company or economy.
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