Variances from Standard Costs Are Usually Reported To

question 77

Multiple Choice

Variances from standard costs are usually reported to:

• A) suppliers
• B) stockholders
• C) management
• D) creditors

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Definitions:

Human Capital

The knowledge, skills, and capabilities of individuals that have economic value to an organization.

Recruiting From Within

The practice of filling job vacancies with current employees rather than hiring from outside the organization.

Realistic Job Preview

A recruiting tool that provides prospective employees a true picture of what working in a particular role or organization will entail, including both the positive and negative aspects.