The Internal Culture of an Organisation Has the Potential To

question 7

Multiple Choice

The internal culture of an organisation has the potential to:

• A) shape attitudes and reinforce common beliefs.
• B) direct behaviour.
• C) establish performance expectations and the motivation to fulfil them.
• D) All of the options listed
• E) None of the options listed

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Definitions:

Direct Materials Purchases Variance

Direct materials purchases variance analyzes the difference between the actual cost of materials purchased and the budgeted cost, impacting budgeting and cost control.

Variable Overhead

Those overhead costs that vary in total directly and proportionately with changes in production or activity level.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on a standard rate.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected (budgeted) cost of these materials.