The Variance That Is Usually Most Useful in Assessing the Performance

question 140

Multiple Choice

The variance that is usually most useful in assessing the performance of the purchasing department manager is:

• A)the materials quantity variance.
• B)the materials price variance.
• C)the labor rate variance.
• D)the labor efficiency variance.

---

Definitions:

Empathy

Ability to feel another person’s experiences; identifying with and experiencing another person’s emotions, thoughts and attitudes.

Bystander-Calculus Model

A theoretical framework suggesting that individuals go through a cognitive evaluation process in deciding whether to help in an emergency, considering costs and benefits.

Decision-Making Process

A step-by-step approach to making choices among various alternatives, involving elements such as identifying a problem, evaluating options, and selecting a course of action.

Emergency Situation

Often involves an unusual event, can vary in nature, is unplanned and requires a quick response.