Which of the Following Is Not on the Top Ten

question 78

Multiple Choice

Which of the following is not on the top ten list of safety principles?

• A) Build safety into product design.
• B) Educate consumers about product safety.
• C) Allow a margin of error for the consumer.
• D) Learn from your and others' mistakes.

Interpret the significance of favorable and unfavorable variances in cost control.

Apply standard hours and standard machine-hours as bases for overhead application.

Recognize the role of direct labor-hours in variable overhead application.

Understand the process of budgeting machine-hours and its effect on overhead costs.

---

Definitions:

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.

Creditor/Debtor Transaction

A financial relationship where one party (creditor) provides goods, services, or money to another party (debtor) under the agreement that the debtor will repay the creditor at a later date.

Security

Measures or instruments to ensure the enforcement of obligations or the protection of financial assets.

Creditor/Debtor Transaction

A financial agreement involving a creditor providing funds or resources to a debtor who in return promises to repay the creditor.