Which of the Following Can Reduce the Number of Cars

question 30

Multiple Choice

Which of the following can reduce the number of cars imported?

• A)A tariff
• B)A quota
• C)A ban
• D)All of the above.

Recognize the conditions that necessitate the revision of standard costs.

Appreciate the principle of exceptions and its application in managerial decision-making.

Understand the concept of standard costing and its components.

Calculate and interpret direct materials price and quantity variances.

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Definitions:

Stars

In the context of the Boston Consulting Group (BCG) matrix, products or business units that have a high market share in a fast-growing industry and are considered to be potential market leaders.

High-Growth Markets

Markets characterized by significantly higher than average growth rates, often driven by new technologies or changing consumer behaviors.

High Share

A significant portion or percentage of the total available market controlled by a particular company or product.

SBUs

Strategic Business Units are semi-autonomous units within larger organizations, focused on a specific market segment or product line and are responsible for their own strategy and profitability.