________ Justice Concerns the Distribution of Resources in a Fair

question 50

Multiple Choice

________ justice concerns the distribution of resources in a fair and equitable manner.

• A) Social
• B) Criminal
• C) Economic
• D) Environmental

---

Definitions:

Direct Materials Purchases Variance

This measures the difference between the actual cost of direct materials purchased and the expected (or standard) cost of those materials.

Actual Results

The real outcomes or data achieved, as opposed to forecasts or projections.

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost, used for budgeting and cost control.

Actual Production

Refers to the actual quantity of goods or services produced during a specific period, as opposed to planned or projected amounts.