The US Small Business Administration Issues a New Regulation That Will

question 6

Multiple Choice

The U.S. Small Business Administration issues a new regulation that will have a significant impact on a substantial number of small businesses. Under the Regulatory Flexibility Act, the agency must do all of the following except

• A)measure the cost that the rule will impose on small businesses.
• B)consider less burdensome alternatives.
• C)alert small businesses about forthcoming regulations.
• D)adjust the rule to the satisfaction of the regulated businesses.

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Definitions:

Direct Labor Variances

The differences between the budgeted and actual labor costs incurred during a production process, analyzed to control and optimize labor expenses.

Research Development

The systematic activity combining both basic and applied research, aimed at discovering solutions to problems or creating new goods and knowledge.

Fixed Overhead Rate

A predetermined rate used to assign fixed manufacturing overhead costs to products, typically based on a standard activity level.

Volume Variance

A deviation in manufacturing or procurement costs that arises when the actual volume of production differs from the expected volume.