In the Context of Methods of Influence, Scarcity Is _____

question 39

Multiple Choice

In the context of methods of influence, scarcity is _____.

• A)a principle of influence whereby people try to repay what others have provided them at times of adversity
• B)a principle of influence whereby people determine what is right, correct, or desirable by seeing what others do
• C)a principle of influence whereby people think there is limited availability of something they want, so they must act quickly
• D)a principle of influence whereby people are more easily persuaded by people who they admire
• E)a principle of influence whereby different people have different needs which have to be constantly fulfilled

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Definitions:

Standard Cost Accounting System

A standard cost accounting system estimates the cost of production in advance, using standard costs for materials, labor, and overhead for cost control and performance evaluation.

Direct Labor Payroll

The total cost of wages and benefits paid to employees who are directly involved in the production of goods or delivery of services.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a predetermined base, such as labor hours or machine hours.

Labor Quantity Variance

This refers to the difference between the expected amount of labor hours necessary to produce a good or service and the actual hours used, measured in financial terms.