When the Actual Volume Is Less Than the Expected Volume,the

question 15

Multiple Choice

When the actual volume is less than the expected volume,the production volume variance is ________ because the usage of the facilities is ________.

• A) favorable; higher than expected
• B) unfavorable; lower than expected
• C) favorable; lower than expected
• D) unfavorable; higher than expected

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Definitions:

Diversity Management

Places a much heavier emphasis on recognizing and appreciating differences among people at work and attempting to provide accommodations for those differences to the extent that is feasible and possible.

Conscious Capitalism

A business philosophy that emphasizes the importance of serving the interests of all major stakeholders in a company, not just shareholders.

Organizational Architecture

Describes the structure and design of an organization, including its division of labor, hierarchies, systems, procedures, and relationships that enable it to function and meet its objectives.

Social Entrepreneurship

The practice of applying business principles and strategies to develop, fund, and implement solutions to social, cultural, or environmental issues.