The Issue of Media Bias May Be Declining Importance Due

question 10

Multiple Choice

The issue of media bias may be declining importance due to all of the following except

• A) the rise of the Internet.
• B) the ability of consumers to find both mainstream and alternative sources.
• C) a decline in consumer trust in sources that are clearly conservative or liberal.
• D) the ability of consumers to find both conservative and liberal sources.
• E) All of the above are true.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the standard cost expected for the actual production volume.

Direct Labor-hours

The total hours of labor directly involved in the production of goods, often used as a basis for allocating manufacturing overhead in process costing.

Variable Manufacturing Overhead Standards

Pre-established rates or quantities that are used to assign variable overhead costs to products based on levels of activity such as labor or machine hours.

Variable Overhead Rate Variance

The variance between the actual variable overhead costs that were incurred and the anticipated variable overhead calculated according to the real amount of activity.