​The ________ Pattern Is a Good Example of "Protection from Variations

question 81

Short Answer

​The ________ pattern is a good example of "protection from variations" and "indirection."

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Definitions:

Standard Costs

Predetermined or estimated costs used to measure the performance of a company based on the efficient use of labor and materials.

Actual Costs

The realized expenses incurred in the production of goods or services, as distinguished from estimated costs or budgeted amounts.

Principle of Exceptions

A management principle focusing on the identification and handling of cases that deviate from the norm.

Labor Rates

The amount paid to workers for their services, usually expressed on an hourly basis.