When People Vote for the Person They Like Rather Than

question 427

Essay

When people vote for the person they like rather than the person who is the most qualified for the job, they are allowing their decision making to be affected by __________.

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Definitions:

Standard Cost

A predetermined cost of manufacturing, delivering, or producing goods or services under normal conditions.

Variance Accounts

Financial accounts used to record the differences between planned and actual figures in budgeting and accounting.

Favorable Variances

Differences between planned and actual performance that result in a better-than-expected financial outcome.

Materials Price

The cost associated with acquiring raw materials required for production or manufacturing processes.