In Rokeach's Model of Values, Terminal Values Serve as a Guide

question 78

True/False

In Rokeach's model of values, terminal values serve as a guide for telling individuals what they would like to attain; instrumental values tell them how to get there.

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Definitions:

Variance Standard

A method used in budgeting and accounting to analyze the difference between planned financial outcomes and actual results.

Quantity Standard

A predetermined benchmark of the amount of input that should be used in the production of goods or services.

Quantity Variance

The difference between the actual quantity of material used in production and the standard quantity expected to be used.

Direct Materials

Raw materials that can be directly associated with the production of a product and are an integral part of the finished product.