Foreign Exchange Markets Are

question 128

Multiple Choice

Foreign exchange markets are

• A) large, liquid, and not very competitive.
• B) located in major trading capitals and have a virtual presence.
• C) accessible only to finance specialists.
• D) located in central banks.

---

Definitions:

Variable Factory Overhead

Refers to the indirect, variable costs that change with the level of production output, such as utilities for the manufacturing plant.

Controllable Variance

The difference between the actual variable overhead costs and the budgeted variable overhead for actual production.

Direct Materials Quantity Variance

The difference between the actual quantity and the standard quantity of direct materials used in producing a product multiplied by the standard direct material price.

Units

A measure of quantity used to express the amount of a product, service, or resource used or produced in a transaction.