A Process Is Said to Be ________ When Events Early

question 53

Multiple Choice

A process is said to be ________ when events early in the evolution of a process have significant effects on subsequent events.

• A) causally ambiguous
• B) path dependent
• C) socially complex
• D) path independent

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Definitions:

Quantity Standard

The predetermined amount of materials, labor, and overhead that should be used for each unit of production.

Unit Of Product

A single item or instance of a product manufactured or sold by a company.

Input

Resources used in the process of production, including raw materials, labor, and overhead costs.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied by the standard price per unit of materials.