Which of the Following Is a Technique for Sound Reasoning

question 24

Multiple Choice

Which of the following is a technique for sound reasoning?

• A) Distinguish between facts, opinions, beliefs and prejudice
• B) Form subjective opinions and avoid exaggeration
• C) Present advantages and avoid disadvantages and check statistics
• D) Support your main ideas with statistics

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Definitions:

Fixed Factory Overhead Volume Variance

The difference between the budgeted and actual fixed overhead allocated to production, based on changes in the volume of goods produced.

Standard Labor Hours

The predetermined amount of time expected to be required to complete a unit of production under normal conditions.

Overhead

Indirect costs or expenses related to the production process or operational activities of a business that are not directly tied to a specific product or service.

Controllable Variance

Controllable variance refers to the difference between actual costs and the expected costs that can be controlled or influenced by a manager.