Which of the Following Is Not a Part of the Criteria

question 73

Multiple Choice

Which of the following is not a part of the criteria for the U.S.Department of Labor's official definition of a legal internship?

• A)The internship is similar to training that would be given in an educational environment.
• B)The intern does not displace a regular employee.
• C)The intern is not financially compensated for her or his labor.
• D)The intern is entitled to a job at the end of the internship.

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Definitions:

Labor Price Variance

The difference between the actual cost of direct labor and the standard cost, reflecting the variance in wages paid.

Direct Material Cost

The cost of raw materials and components that are directly used in the production of a product.

Labor Quantity Variance

The difference between the actual hours worked and the standard hours allowed for the work performed, multiplied by the standard hourly wage rate.

Produced

The completed output of goods or services as a result of manufacturing or production processes.