All of the Following Are Differences That Need to Be

question 4

Multiple Choice

All of the following are differences that need to be overcome for international collaborative arrangements to be effective EXCEPT ________.

• A) national disparities in governmental policies
• B) company variances in strategic directions and objectives
• C) governmental differences in export restrictions
• D) company diversity in management styles and structures

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Definitions:

Labour Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost of labor for the actual production level.

Labour Efficiency Variance

A measure used in accounting to indicate the difference between the actual number of labor hours used and the standard number of hours that should have been used, multiplied by the standard labor rate.

Variable Overhead

Costs that vary with the level of production or business activity, such as utilities and indirect materials, but do not directly correlate to direct labor or materials.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on efficient usage of resources.