Political Information Is Increasingly Emanating from Universities, Think Tanks, Nonprofit

question 54

Multiple Choice

Political information is increasingly emanating from universities, think tanks, nonprofit organizations, and private foundations because

• A)politicians are far less likely to talk to journalists now than in the past.
• B)the federal government has recently revoked laws that prevented these organizations from disseminating political information.
• C)libel suits have led traditional news organizations to stop covering the vast majority of political issues and events.
• D)traditional news organizations have cut their budgets and investigative journalism efforts in recent years.

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Definitions:

Work in Process

Inventory that includes goods partially worked on but not yet completed; it is found between raw materials and finished goods in manufacturing.

Standard Cost

A predetermined cost for a product or service, based on expected material, labor, and overhead costs, used as a benchmark to control actual costs.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected (or standard) cost, reflecting changes in material prices.

Materials Quantity Variance

The gap between the actual and expected quantities of materials used in production, with each difference multiplied by the standard unit cost.