Static-Budget Variance for Operating Income Is Calculated by Taking a Difference

question 118

True/False

Static-budget variance for operating income is calculated by taking a difference between static-budget operating income and actual operating income.

Understand the concept of intelligence as a single general ability factor versus multiple specific abilities.

Recognize criticism and support for unique types of intelligence, such as Gardner's inclusion of interpersonal, intrapersonal, and bodily-kinesthetic intelligences.

Comprehend Carroll's three-stratum theory of cognitive abilities and its significance.

Identify the role of crystallized and fluid intelligence across different theories.

---

Definitions:

Ethical Relativism

The theory that there are no universal moral principles, but rather that morality varies by culture or individual preference.

Human Values

Fundamental beliefs that guide or motivate attitudes and actions, encompassing importance of ethics and character in individuals and society.

Objective Standards

Criteria independent of the parties' personal intentions or beliefs, used to assess behavior or performance.

Rational Ethics

A branch of ethics focused on determining right and wrong actions based on reasoning and logical analysis rather than on emotions or social customs.