When a Worker Is Deciding Whether to Take a Job

question 36

Multiple Choice

When a worker is deciding whether to take a job or not:

• A)the wage is believed by economists to be the only determining factor
• B)the worker may consider the inherent danger involved in the given job
• C)the worker may consider whether the job is exciting
• D)both B and C are correct

---

Definitions:

Two-Variance Analysis

An analytical technique in managerial accounting where variances between expected and actual performance are divided into a volume variance and a rate or efficiency variance.

Overhead Controllable

Expenses incurred in the running of a business that management can directly influence or control, such as supplies and advertising.

Overhead Volume

Overhead Volume refers to the level of overhead costs that correlate with the level of production or activity in a company.

Variance Reports

Reports that analyze the difference between planned figures and actual figures for a particular metric, helping management understand performance discrepancies.