The Tendency to Perceive What We Expect to Perceive Is

question 298

True/False

The tendency to perceive what we expect to perceive is called perceptual set.

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Definitions:

Labor Rate Variance

A financial measure that compares the actual cost of labor to the expected or standard cost, indicating how well a company manages its labor expenses.

Labor Efficiency Variance

A measure of the difference between the actual hours worked by employees and the expected hours worked, multiplied by the standard labor rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or standard) costs based on the predetermined overhead rate.

Month

A unit of time, roughly based on the period of the lunar cycle, used in calendars to divide the year.