Management Recently Instituted a New Training Program for Upper-Level Managers

question 20

Multiple Choice

Management recently instituted a new training program for upper-level managers.They budgeted the cost of the new program at $1,000 per employee trained,but actual costs were $1,250 per employee trained.The difference between the budgeted cost for training and the actual cost of training is called a:

• A) Period cost.
• B) Loss.
• C) Variance.
• D) Controllable cost.

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Definitions:

Mental Set

A psychological tendency to approach problems in a certain way based on previous experiences and successes.

Problem

A situation, question, or issue that presents difficulty or uncertainty and necessitates a solution or answer.

Insight

A deep understanding of a person or situation, often resulting in a clear and sometimes sudden discernment of a solution to a problem.

Fixation

An obsessive focus or attachment to certain behaviors, people, or developmental stages, often hindering emotional development.