General Ltd

question 96

Multiple Choice

General Ltd. budgeted fixed overhead costs of $25,000 per quarter and 1,000 units per quarter in its normal absorption costing system. Any volume variance is carried forward and closed at year end. The company experienced the following activity: The volume variance was favorable in quarter(s) ?

• A) 2, 3, and 4
• B) 2 and 3
• C) 3 and 4
• D) 3

Identify key performance indicators and their application in organizational measurement.

Recognize the role and application of normalization in benchmarking.

Distinguish between lead and lag indicators and their importance in performance measurement.

Understand the balanced scorecard approach and its focus areas.

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Definitions:

Amygdala

A part of the brain's limbic system involved in emotion regulation, especially fear and the processing of emotional memories.

Galvanic Skin Response

Galvanic Skin Response is a method of measuring the electrical resistance of the skin, which varies with its moisture level; often used to gauge emotional arousal.

Autonomic Arousal

The physical response of the autonomic nervous system to stimuli, which can include increased heart rate, sweating, and other involuntary actions as a result of emotions such as fear or excitement.

Autonomic Arousal

The activation of the autonomic nervous system, which controls physiological responses not under voluntary control, such as heart rate and digestion.