Indicate Whether Each of the Following Statements Is True or False

question 103

Short Answer

Indicate whether each of the following statements is true or false.
The labor price variance is favorable when the actual rate paid for labor is higher than the standard rate.______
The production department is generally responsible for the labor price variance.______
If the standard quantity of labor per unit of a product is 0.5 hours and the actual quantity of labor is 0.45 hours,the labor price variance is favorable.______
Labor price variances measure the productivity of the labor force.______
Machine breakdowns and inferior materials can result in an unfavorable labor usage variance.______

Understand the sociological perspectives on rumors, urban legends, and collective behavior.

Examine the role of discontent, social conditions, and theories of participation in the formation and mobilization of social movements.

Differentiate between theoretical perspectives on individual behavior within crowds and social movements.

Recognize the role of external entities and contextual factors in shaping the course of social movements.

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Definitions:

Anchoring

Tendency to rely heavily on one prior (suggested) piece of information when making a decision.

Decisions

The process of making choices among various alternatives to achieve a desired outcome.

Suggestions

Recommendations or pieces of advice aimed at proposing a course of action.

Efficiency Wage Theory

Explanation for the presence of unemployment and wage discrimination which recognizes that labor productivity may be affected by the wage rate.