All of the Following Are True of Social Capital EXCEPT

question 69

Multiple Choice

All of the following are true of social capital EXCEPT

• A)it includes characteristics like trust,consistency,and networks.
• B)it can be accumulated or spent.
• C)it is not associated with the concept of "goodwill."
• D)it is capital in the same sense that cash or land can be.

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Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.

Price Variance

The difference between the expected price and the actual price paid for an item.

Factory Overhead Volume Variance

The difference between the budgeted and actual overhead costs due to variations in the volume of production.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, based on the hours actually worked.