All of the Following Forces Are Contributing to the Complexity

question 28

Multiple Choice

All of the following forces are contributing to the complexity and diversity encountered by MNEs in the 21^st century, except:

• A) the acceleration of product and technology life cycles.
• B) the globalization of markets.
• C) the assertion of national government demands.
• D) the devaluation of some national currencies.

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Definitions:

Direct Labor Time Variance

The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the wage rate.

Direct Labor Time Variance

The difference between the estimated time for production and the actual time taken, multiplied by the wage rate.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the standard cost, indicating efficiency in labor usage.

Direct Labor Rate Variance

The difference between the actual labor cost incurred and the expected (or standard) labor cost for the actual production level.