Positivists See the World

question 38

Multiple Choice

Positivists see the world:

• A)very clearly.
• B)as being a very positive place.
• C)as having one reality of which we are all a part.
• D)as being comprised of multiple realities.

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Definitions:

Fixed Overhead Rate

A predetermined rate used to allocate fixed overhead costs to units of output, based on a standard level of activity.

Gross Profit

Sales minus the cost of goods sold.

Volume Variance

A measure used in budgeting and accounting to illustrate the difference between expected sales volume and actual sales volume.

Standard Costs

Predetermined costs for manufacturing a product or delivering a service, used as targets or benchmarks.