Michael Works at an Accounting Firm

question 63

Multiple Choice

Michael works at an accounting firm. He and his colleague, Ava, are both eligible for a promotion to a particular role. Michael works very hard, but he feels that Ava will be promoted as she is very sincere and is dedicated to her job. However, Michael gets promoted even though Ava was a more deserving candidate. This scenario illustrates the concept of _____.

• A) glass ceiling
• B) age discrimination
• C) social integration
• D) social loafing

---

Definitions:

Direct Labor

The wages paid to workers who are directly involved in the production of goods or services.

Time Variance

The difference between actual time taken to perform an activity and the expected time.

Rate Variance

The difference between the actual rate paid for something and the standard or expected rate, often analyzed in budgeting and cost management.

Total Cost Variance

measures the difference between the actual cost of producing something and its standard cost, highlighting efficiency and budgeting issues.