Which of the Following Statements Is Correct

question 45

Multiple Choice

Which of the following statements is correct?

• A) Establishing standards is the least difficult aspect of using a standard cost system.
• B) Managers should be praised or punished based on variances.
• C) A favorable variance may indicate the existence of unfavorable conditions.
• D) Budget slack exists when performance standards are set at an ideal, unachievable level.

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Definitions:

Born

The process of coming into life or beginning existence.

Mate Assistance Hypothesis

A theory proposing that monogamy can evolve when males gain more reproductive success by providing care and protection to their mate and offspring than by seeking additional mates.

Mate Limitation Hypothesis

A theory suggesting that the availability of potential reproductive partners limits the reproductive success of individuals, particularly in populations with skewed sex ratios.

Monogamy

The practice of maintaining a sexually exclusive relationship with one partner over a period of time.