If You Want to File a Complaint Against a Bank

question 80

Multiple Choice

If you want to file a complaint against a bank in connection with any of the consumer credit protection laws, you

• A) Must have an account at the bank.
• B) Must have at least $100,000 invested in the bank.
• C) Must get advice from the Federal Government
• D) Do not need to have an account at the bank.
• E) Must have a loan outstanding at the bank.

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Definitions:

Standard Rate

A predetermined cost for materials, labor, and overhead set for computing variances and budgeting purposes.

Direct Labor Hours

The total hours worked by employees directly involved in manufacturing a product or delivering a service.

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost, used to evaluate budgeting efficiency.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard amount expected, multiplied by the standard cost.