An Unfavorable Price Variance for Direct Materials Might Indicate ________

question 134

Multiple Choice

An unfavorable price variance for direct materials might indicate ________.

• A) that the purchasing manager purchased in smaller quantities due to a change to just-in-time inventory methods
• B) congestion due to scheduling problems
• C) that the purchasing manager skillfully negotiated a better purchase price
• D) that the market had an unexpected oversupply of those materials

Recognize and illustrate how globalization impacts daily life.

Define and discuss the significance of the terms Global North and Global South.

Analyze the influence of multinational corporations on global economies, labor, and the environment.

Understand and explain microcredit as an alternative to traditional forms of international financial aid.

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Definitions:

Expenses

Costs incurred in the process of generating revenues, including operating costs, taxes, and interest payments.

Revenues

The total amount of money received by the company for goods sold or services provided during a certain time period.

Net Income

The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Cash Increase

Refers to the rise in cash and cash-equivalent assets within a business or organization.