Management Recently Instituted a New Training Program for Upper-Level Managers

question 20

Multiple Choice

Management recently instituted a new training program for upper-level managers.They budgeted the cost of the new program at $1,000 per employee trained,but actual costs were $1,250 per employee trained.The difference between the budgeted cost for training and the actual cost of training is called a:

• A) Period cost.
• B) Loss.
• C) Variance.
• D) Controllable cost.

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Definitions:

Working Hard

Putting significant effort, dedication, and perseverance into completing tasks or achieving objectives.

Structure

The arrangement of and relations between the parts or elements of something complex.

Primary Consideration

The foremost in importance or priority that needs to be thought of or addressed.

Short-term Groups

Group settings assembled for a limited duration, focusing on achieving specific goals in a short amount of time.