Which One of the Following Is Most Likely to Be

question 57

Multiple Choice

Which one of the following is most likely to be the responsibility of the purchasing manager?

• A)The materials quantity variance.
• B)The materials price variance.
• C)The overhead volume variance.
• D)The labor efficiency variance.
• E)None of the answer choices is correct.

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Definitions:

Creditor Beneficiaries

A creditor beneficiary is a third party that benefits from a contract wherein the promisor agrees to pay the promisee's debt to the third party.

Assignment of Rights

The transfer of legal rights from one party to another, often involving debts or benefits under a contract.

Assignment of Duties

The process of allocating responsibilities and tasks to individuals or groups in an organization.

Breach of Contract

The failure or refusal of a party to fulfill its obligations as outlined in a mutually agreed-upon legal document.