Organizational Development Is Best Defined as

question 35

Multiple Choice

Organizational development is best defined as

• A)A profession that deals with reacting to changes in the external environment.
• B)A profession and field of study that creates and implements planned change in organizations.
• C)A profession and field of study that deals with creating and implementing new ideas in the organization.
• D)A field of study and profession that deals with explaining serendipitous events.

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Definitions:

Direct Material Price Variance

The difference between the actual cost of direct materials and the planned (or standard) cost, often used for budgeting and cost control.

Materials Purchased

The raw materials and components bought by a company for use in the production of its goods or services.

Direct Labour Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, used to analyze labor cost efficiency.

Direct Labour Efficiency Variance

The difference between the budgeted amount of direct labor hours needed to produce a certain level of output and the actual hours used.