Reference - 8

question 36

Multiple Choice

Reference - 8.1: Use the information given below to answer questions
Rob is a financial manager with Sharez, an investment advisory company. He must select specific investments-for example, stocks and bonds-from a variety of investment alternatives.
-Reference - 8.1. Restrictions on the type of permissible investments would be a _____ in this case.

• A) feasible solution
• B) surplus variable
• C) slack variable
• D) constraint

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Definitions:

Direct Labor-Hours

The combined hours worked by staff directly partaking in the manufacturing activities.

Standard Hours Allowed

The amount of work hours allocated for the completion of a specific task, based on standard performance.

Materials Price Variance

The difference between the actual cost of materials purchased and the expected (standard) cost, indicating how material cost fluctuations affect production costs.

Quantity Standard

The expected or budgeted quantity regarding inputs or outputs, used as a performance measure or pricing basis.