Which of the Following Is Not a Plausible Cause of a Direct

question 46

Multiple Choice

Which of the following is not a plausible cause of a direct labor efficiency variance?

• A) Poor scheduling of work.
• B) Inadequate supervision of workers.
• C) Materials used are different from those specified.
• D) Failure to update the standard cost to conform to wage provisions in the union contract.
• E) Batch sizes during the period were different from standard.

Identify the trade-offs faced by workers in the labor market.

Understand the distinction between positive and normative statements within economic discourse.

Recognize the scope of microeconomics in studying the behavior of individual economic units like consumers and firms.

Understand the basics of market structures and the conditions for perfect competition.

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Definitions:

Quantum Meruit

A legal principle where a person is compensated for services or goods provided when no contract exists, based on the value of the work done.

Satisfaction of Debt

The fulfillment or payment of a debt in its entirety, releasing the debtor from further obligations.

Common Law

A legal system based on customs and court rulings rather than written laws, where the principle of precedent guides future judicial decisions.

Quantum Meruit

A legal principle that one who benefits from another's services in absence of a contract must still compensate the service provider.