An Example of Demographic Information Would Be

question 45

Multiple Choice

An example of demographic information would be:

• A)the location in which an individual stays.
• B)the ethical principles of an individual.
• C)the level of creativity of an individual.
• D)the technology an individual uses.

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Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected amount, which can indicate efficiency or waste.

Materials Price Variance

The difference between the actual cost of materials purchased and the expected cost, based on standard prices.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost, based on the hours worked.

Labor Rate Variance

A specific type of variance that measures the difference between the actual hourly wage paid to workers and the standard rate expected.