What Is the Problem with "Only Having Values" in Ciulla's

question 25

Multiple Choice

What is the problem with "only having values" in Ciulla's article?

• A) You need skills as well as values to be a leader.
• B) You need purpose and goals as well as values to be a leader.
• C) There are different kinds of moral statements besides values.
• D) Values need to be connected to a religious or ethical system to have an impact.
• E) Values need to connect up to actions in order to have an impact.

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Definitions:

Labour Rate Variance

The difference between the actual cost of direct labor and the expected (or budgeted) cost.

Standard Cost Card

A detailed listing of the standard amounts of inputs and their costs that are required to produce a unit of a specific product.

Standard Costing

A cost accounting method that assigns predefined costs to direct materials, labor, and overhead, used to compare against actual costs for performance analysis.

Labour Efficiency Variance

The discrepancy between the actual hours worked and the standard hours expected to produce a certain level of output.