According to the Text, in Civil Trials, Corporations Are Held

question 41

Multiple Choice

According to the text, in civil trials, corporations are held to a different standard than individuals. This difference may be a result of the notion that corporations _____, whereas individuals _____.

• A) pay lower awards; pay higher awards
• B) pay higher awards; go to jail
• C) are held to a higher standard of decision making; may have a lapse in judgment
• D) may have a lapse in judgment; go to jail

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Definitions:

Total Cost Variance

The difference between the actual costs incurred and the standard (or expected) costs for a given production or project period.

Purchase Price Variances

The difference between the actual cost of goods purchased and the standard cost, used to measure the efficiency of the purchasing function.

Standard Cost

A predetermined cost of manufacturing, selling, or any other business operation, used for budgeting and performance evaluation.

Nonfinancial Performance Measures

Indicators used to assess aspects of a company's operations that do not directly relate to financial outcomes, such as customer satisfaction or employee turnover.