Informal,explanatory "Theories" Seem to Play an Important Role in Our

question 24

Multiple Choice

Informal,explanatory "theories" seem to play an important role in our conceptual knowledge.Which of the following statements about the theories involved in conceptual knowledge is FALSE?

• A)They provide a knowledge base that we can rely on when thinking about an object,event,or category.
• B)They play a part in determining how easily we learn new concepts.
• C)They are usually as precise as most scientific theories.
• D)They often allow us to understand any new facts that we encounter about an object or category.

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Definitions:

Labor Efficiency Variance

The variance between the real hours spent producing a good or service and the anticipated standard hours, times the standard wage rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead expected for the actual production achieved.

Variable Overhead Efficiency Variance

A measure used in cost accounting to evaluate the efficiency of variable production costs, comparing the actual hours worked to the standard hours expected.

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost.