Crowdsourcing Is the Process Of

question 91

Multiple Choice

Crowdsourcing is the process of:

• A)outsourcing the creative aspect of an advertisement to the public.
• B)outsourcing the production aspect of an advertisement to the public.
• C)outsourcing both the creative and production aspect of an advertisement to the public.
• D)selecting creatives from the public domain rather than from an advertising agency.

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Definitions:

Price Variance

The difference between the actual cost of a good or service and its expected cost, often used in budgeting and financial analysis.

Labor Price Variance

The difference between the actual cost of labor and the standard cost expected for that labor, used in budgeting and cost management.

Quantity Variance

Quantity variance refers to the difference between the expected and actual quantity of materials or inputs used in the production process, impacting cost.

Standards

Predetermined benchmarks or norms used for measuring performance and setting expectations in various contexts, including production, quality, and accounting.