Which of the Following Statements About U

question 102

Multiple Choice

Which of the following statements about U.S. Treasury bonds are true?
I. They are backed by the "full faith and credit" of the U.S. government.
II. They are all indexed and adjusted for inflation.
III. They trade in a very thin market.
IV. They are traded in both U.S. and foreign markets.

• A) I, II and IV only
• B) I, III and IV only
• C) II and III only
• D) I and IV only

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Definitions:

Theoretical Standard

An ideal cost or benchmark that assumes perfect efficiency and effectiveness in operations, used for comparison and goal setting.

Budget Performance Report

A financial report comparing the budgeted amounts to the actual amounts for a specific period, highlighting variances.

Direct Labor Rate Variance

The difference between the actual cost of direct labor used in production and the expected (or standard) cost, which can indicate efficiency in labor usage.

Actual Rate Per Hour

The true cost or payment rate for labor or services rendered, calculated on an hourly basis.