Behavioral Interviews

question 55

Multiple Choice

Behavioral interviews

• A)are only used for positions requiring strong interpersonal skills.
• B)are based on the theory that past behavior predicts future performance.
• C)requires the applicant to perform job responsibilities while being observed by the interviewer.
• D)are considered unreliable by most companies.

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Definitions:

Materials Price Variance

This measures the difference between the actual cost of materials used in production and the standard cost expected for those materials, indicating how efficiently an organization is purchasing materials.

Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, calculated as (Actual rate - Standard rate) x Actual hours.

Standard Hourly Rate

The predetermined cost per hour for labor, used in budgeting and costing to assign labor costs to products and services.

Standard Quantity

The budgeted or pre-determined amount of material or input expected to be used during a manufacturing process.