Which of the Following Statements Are True

question 82

Multiple Choice

Which of the following statements are true?

• A)Dynamic equilibrium occurs when the rate of the forward reaction equals the rate of the reverse reaction.
• B)The equilibrium constant for the forward reaction is equal to the equilibrium constant for the reverse reaction.
• C)A reaction quotient (Q)larger than the equilibrium constant (K)means that the reaction will favor the production of more products.
• D)Dynamic equilibrium indicates that the amount of reactants and products are equal.
• E)All of the above are true.

---

Definitions:

Practical Standards

Realistic expectations for performance or output that take into account potential variances and are used for benchmarking and measuring actual performance.

Standard Costing

Standard costing involves assigning a fixed cost to production and inventory for the purpose of budgeting and performance evaluation, allowing companies to identify variances and control costs.

Machine Breakdown

The failure of a machine to function, causing a halt in production or operations.

Material 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.