A(n) ____ Is a Third Party That Will Certify That

question 118

Multiple Choice

A(n) ____ is a third party that will certify that a Web site meets some criteria for conducting business in a secure and privacy-preserving manner.

• A) EFT
• B) assurance provider
• C) escrow service
• D) trading partner

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Definitions:

Standard Quantity

A benchmark or norm for the amount of materials or labor expected to be used during the production of a good or service.

Direct Materials

Direct materials are the raw materials that are directly traceable and integral to the finished product in the manufacturing process.

Variable Manuf. Overhead

Costs of manufacturing overhead that vary with the level of production activity.

Labour Rate Variance

The difference between the actual cost of labor and the budgeted or standard cost of labor.