________ Policies Are Designed to Eliminate the Abuses of Powerful

question 35

Multiple Choice

________ policies are designed to eliminate the abuses of powerful ________.

• A) Redistributive; tariffs
• B) Fiscal; loopholes
• C) Antitrust; monopolies
• D) Taxation; gross domestic product indexes
• E) Monetary; interest groups

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Definitions:

Optimum Standards

Ideal benchmarks set for performance, quality, or efficiency that are considered best under the given conditions.

Attainable Standards

Realistic targets for costs or productivity set by management, which are challenging yet achievable under normal working conditions.

Materials Quantity Variance

The deviation of the actual materials used from the expected standard quantity in production, times the standard unit cost.

Controllable Overhead Variances

The differences between the budgeted and actual overhead costs that management can control or influence.