Which Department Listed Below Would Most Likely Be Responsible for a "Direct

question 200

Multiple Choice

Which department listed below would most likely be responsible for a "direct material price variance"?

• A) Production department
• B) Marketing department
• C) Purchasing department
• D) Personnel department

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Definitions:

Personal Liability

The state of being legally responsible for the debts or actions of oneself, not shielded by corporate or other legal entities.

Incorporated

A legal status indicating that a business entity has been registered as a corporation, separating its liabilities and assets from those of its owners.

Model Business Corporation Act

A model set of laws proposed to standardize the regulation of corporate business practices across the United States.

Articles of Incorporation

Official documents filed with a governmental body to legally form a corporation, outlining its structure, purpose, and operations.