The Materials Price Variance Is Computed Using the Equation

question 159

Multiple Choice

The materials price variance is computed using the equation

• A) (Actual Price * Actual Quantity) - (Standard Price * Standard Quantity).
• B) (Standard Price * Actual Quantity) - (Actual Price * Actual Quantity).
• C) (Standard Price * Standard Quantity) - (Actual Price *Actual Quantity).
• D) (Actual Price * Actual Quantity) - (Standard Price * Actual Quantity).
• E) None of these.

Understand the principles and history of the civil service system, including the Merit System and the Pendleton Act.

Recognize the legislation related to federal employment and political activities, including the Hatch Act and the Whistleblower Protection Act.

Identify different types of agencies within the executive branch, including independent regulatory agencies and the role of career civil servants.

Comprehend the basis and impact of hiring decisions under the civil service system.

---

Definitions:

Forced Distribution Method

A performance appraisal system that ranks employees into predefined categories, often forcing a percentage into low-performance levels.

Self-evaluation

A process in which an individual assesses their own performance, skills, and qualities, often in a professional context, to identify strengths, weaknesses, and areas for improvement.

Performance Review

A formal assessment where an employee's job performance is evaluated, typically on a regular basis, against certain pre-established criteria.