Indicate Whether Each of the Following Statements Is True or False

question 60

Short Answer

Indicate whether each of the following statements is true or false.
Managerial performance can be evaluated by comparing actual amounts with standard amounts.______
Differences between standard and actual amounts are called variances.______
When the static budget is compared to a flexible budget based on actual volume of activity,any variances result from differences between standard and actual per-unit amounts.______
If the actual sales price per unit is higher than the standard,a company's sales price variance is unfavorable.______
Differences between flexible budget costs and revenues and the actual results are price variances.______

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Definitions:

Acculturation

The process of cultural change and psychological adjustment that results following contact between cultures.

Cultural Competence

Cultural competence involves understanding and appropriately responding to the unique combination of cultural variables and the full range of dimensions of diversity that the professional and client/patient/family bring to interactions.

Belongingness

Belongingness is the human emotional need to be an accepted member of a group, whether it is family, friends, co-workers, or any other social group.

Navigational Capital

The skills and knowledge necessary to navigate through social institutions or barriers, often within the context of education or employment.