Which of the Following Is Not Likely to Have Caused

question 54

Multiple Choice

Which of the following is not likely to have caused a materials price variance?

• A)The vendor from whom we always bought component XYZ closed and we found a new one.
• B)One of the workers inadvertently cut several pieces of steel to the wrong length.
• C)We started using a higher grade of lumber in our process.
• D)Higher oil prices have increased the costs of shipping the ingredients to us.

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Definitions:

Economic Downturn

A period of decline in economic activity, characterized by reduced spending and increased unemployment.

Funding Reduction

A decrease in the financial resources allocated to a program, organization, or project, often leading to operational challenges.

Service Need

A requirement for assistance or support, typically in a community or among individuals, that organizations aim to address.

Philanthropic Foundations

Nonprofit organizations that primarily distribute or support charitable activities through the funding of grants, scholarships, or direct support to other nonprofits.