Jessica Has Applied for a Telephone Sales Position with Your

question 23

Multiple Choice

Jessica has applied for a telephone sales position with your organization. She IS qualified, but the interviewer did not like the way she was dressed and rejected her. The consequences of rejecting a qualified candidate include:

• A) Current employees benefit from the rejected applicant's performance
• B) Applicant may file discrimination suit
• C) Search costs are reduced
• D) Managers achieve their objectives
• E) Organization suffers consequences of poorly performing employee

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Definitions:

Standard Cost

A predetermined cost for a product or service, based on expected material, labor, and overhead costs, used as a benchmark to control actual costs.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected (or standard) cost, reflecting changes in material prices.

Materials Quantity Variance

The gap between the actual and expected quantities of materials used in production, with each difference multiplied by the standard unit cost.

Raw Materials Purchase

The acquisition of basic materials needed for the production of goods, a critical input in the manufacturing process.