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Which of the Following Is NOT Generally Something That Ought

question 71

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Which of the following is NOT generally something that ought to be considered in evaluating the attractiveness of a multibusiness (diversified) company's business makeup?

Calculate marginal utility given total utility data.
Understand Thorndike's contributions to psychology and the principle of the law of effect.
Recognize the process of classical conditioning and its effects on behavior.
Differentiate between classical and operant conditioning.

Definitions:

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected cost at standard prices.

Standard Costs

Predetermined costs for materials, labor, and overhead that are used as benchmarks to measure actual performance and cost control.

Materials Quantity Variance

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

Direct Materials Purchases Variance

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

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