Choose the Word or Phrase in [ ] Which Will

question 73

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The [longer | shorter] the period of time you expect to live in a house,the more likely refinancing is a sound financial decision.

---

Definitions:

Materials Standards

Predetermined benchmarks for the cost and quantity of materials used in the production process.

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost, indicating how efficiently materials are being purchased.

Standard Price

A predetermined price that a company aims to pay for materials, labor, and other costs, used for budgeting and performance evaluation.

Raw Material

The basic material from which a product is made, typically unprocessed or minimally processed before being used in manufacturing processes.