Under the Industry-Structure Model, the Key Force Around Which All

question 92

Multiple Choice

Under the industry-structure model, the key force around which all others revolve in an industry is ________.

• A) customer preferences
• B) resource allocation
• C) rivalry
• D) human resources

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Definitions:

Sales Volume Variances

This is the difference between the actual sales volume and the budgeted sales volume, affecting revenue and expense projections.

Direct Materials Price Variance

The variance between the real expense of direct materials utilized in production and their predetermined cost, multiplied by the real amount of materials used.

Pounds

A unit of weight commonly used in the United States' customary and British imperial measurement systems.

Overhead Cost Variance

The difference between the actual overhead incurred and the overhead that was expected or budgeted.