The Idea That Managers Tend to Communicate More with Other

question 18

Multiple Choice

The idea that managers tend to communicate more with other managers who share similar beliefs and experiences is represented by which type of communication network?

• A)chain network
• B)wheel network
• C)circle network
• D)groupware network
• E)all-channel network

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Definitions:

Direct Materials Price Variance

Direct materials price variance is the difference between the actual cost of direct materials and the standard cost, showing how much more or less was spent on purchasing materials.

Direct Labor Quantity Variance

The difference between the actual hours worked and the standard hours allowed, multiplied by the standard rate, indicating efficiency in labor usage.

Overhead Volume Variance

The difference between the expected (or standard) amount of manufacturing overhead costs given a certain level of production and the actual overhead costs incurred.

Standard Direct Labor Cost

The predefined cost associated with the labor required to produce a good or service, under normal circumstances.