For Robert Merton, a Prediction That Came True Only Because

question 119

Multiple Choice

For Robert Merton, a prediction that came true only because the prediction was made is a

• A) defining prophecy.
• B) Thomas prediction.
• C) self-fulfilling prophecy.
• D) labeling prophecy.

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Definitions:

Material Price Variance

The difference between the actual cost of materials and the standard cost, multiplied by the quantity of materials used.

Standard Unit Price

A predetermined or established cost that represents an expected or typical amount to be charged or incurred per unit of product or service.

Actual Unit Price

The real cost of a single unit of a product or service, as incurred or experienced in a transaction.

Standard Quantity

The estimated amount of materials or resources expected to be used during a production process under normal conditions.