The ________ Approach Began in the Early 1950s After Many

question 60

Multiple Choice

The ________ approach began in the early 1950s after many researchers became discouraged with the ________ approach and began to pay closer attention to what managers actually do on the job.

• A) behavior; trait
• B) power-influence; situational
• C) trait; behavior
• D) situational; power-influence

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Definitions:

Actual Costs

The actual expenses incurred in the production of goods or services, including all direct and indirect costs.

Standard Costs

Predetermined costs for materials, labor, and overhead used as targets for controlling production costs.

Direct Materials Price Variance

The difference between the actual cost and the standard cost of direct materials used in production.

Standard Materials Quantity

The estimated amount of materials expected to be used in the production of a product under normal operating conditions.