Which of the Following Means Knowledge on the Part of the Person

question 77

Multiple Choice

Which of the following means knowledge on the part of the person making the representation,at the time when they are made,that they are false?

• A)Scienter
• B)In pari delicto
• C)Fraudulent misrepresentation
• D)Intentional deceit

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Definitions:

Variable Overhead

Costs that vary with the level of production or business activity, such as utilities or raw materials.

Materials Price Variance

The variance between the real expenses incurred from direct materials in manufacturing and the anticipated standard cost of those materials.

Labor Rate Variance

The discrepancy between what labor actually costs and what was originally forecasted or considered standard.

Variable Manufacturing

Costs that change in direct proportion to changes in the volume of production output.