An Interest or Share in Something Is Referred to as A(n)

question 21

Multiple Choice

An interest or share in something is referred to as a(n)

• A) option.
• B) ownership position.
• C) stake.
• D) bond.

---

Definitions:

Standard Cost

A pre-determined estimate of the cost to produce or acquire a single unit of product or service, used for budgeting and measuring performance.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Standard Quantity

The predetermined amount of materials or inputs planned to be used in a manufacturing process or task.

Standard Price

A predetermined cost that companies assign to goods and services, used as a benchmark to measure the actual cost performance.