What Are the Factors That Interact to Determine Performance

question 1

Multiple Choice

What are the factors that interact to determine performance?

• A)Knowledge,skills,and attitudes
• B)Environment,skills,and strategy
• C)Attitudes,strategy,and motivation
• D)Motivation,environment,and skills
• E)Motivation,KSAs,and environment

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Definitions:

Standard Costs

Pre-determined or estimated costs used as a benchmark to compare with the actual costs incurred.

Actual Costs

The real, total expenses incurred during the production or acquisition of goods and services.

Fixed Overhead

Fixed costs that do not vary with the level of production or sales over a short term, including rental expenses, salaries, and insurance.

Direct Materials Price Variance

This refers to the difference between the actual cost of direct materials and the standard cost that was expected or budgeted for those materials.