The Two Families of Fundamental Particles Out of Which All

question 22

Multiple Choice

The two families of fundamental particles out of which all ordinary matter is made are

• A)protons and neutrons.
• B)leptons and quarks.
• C)electrons and neutrinos.
• D)quarks and neutrinos.
• E)leptons and photons.

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Definitions:

Standard Costs

Costs that are predetermined on a per-unit basis. Standard costs are used as a benchmark for evaluating performance. These costs are often used in or are the output from the budgeting process.

Efficiency Losses

Reductions in economic well-being, reflected by the inability of a market to allocate resources optimally.

Standard Costs

The predetermined expenses for the production of a product or operation of a service, used as a baseline to measure performance.

Direct Labor Wage Variance

The difference between the expected cost of direct labor for production and the actual cost incurred.