Rule-Based Governance

question 58

Multiple Choice

Rule-based governance

• A) is generally found in developing nations.
• B) relies on publicly verifiable information.
• C) relies on implicit agreement.
• D) is inherently nontransparent.
• E) requires an investment in time and money to build relationships.

Identify various forms of remote learning environments and their definitions.

Understand the concept of real-time communication in digital contexts.

Explain crowdsourcing, its benefits, risks, and its applicability to start-ups and established businesses.

Know the role of the web in supporting learning activities.

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead costs expected for the actual production level.

Standard Cost

A predetermined cost of manufacturing a single unit or a number of product units during a specific period under current or anticipated operating conditions.

Overhead Applied

An accounting method used to allocate estimated overhead costs to specific products or job orders based on a predetermined rate or method.

Machine Hours

A measure of the amount of time a machine is operating during a specific period.