Which One of the Following Statements Is Not Accurate Regarding

question 5

Multiple Choice

Which one of the following statements is not accurate regarding Alphabet Ltd.?

• A) The company's core search and ad-driven businesses are still called Google.
• B) The company's semi-secret research division is known as the Moonshot Laboratory.
• C) The company also owns Advanced Technology and Projects (ATAP), which focuses on mobile applications.
• D) Samsung and several other handset manufacturers use its Android smartphone operating system.
• E) Alphabet has also made a number of strategic acquisitions, including video-sharing site YouTube and the Internet of Things thermostat brand Nest.

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Definitions:

Materials Price Variance

The difference between the actual cost of raw materials and the expected cost at standard prices.

Standard Quantity

The expected or predetermined amount of materials or input needed to produce a single unit of product, used for manufacturing budgeting and variance analysis.

Standard Price

A predetermined cost that companies use for budgeting and assessing the performance of actual costs.

Actual Materials Purchased

The total quantity and cost of raw materials bought during a period for the purpose of production.