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Cite an example of a group where an autocratic leader would be best for the group and another type of group where an autocratic leader would be the worst for the group.Explain your decisions.
Labor Efficiency Variance
measures the difference between the actual labor hours used and the standard labor hours expected for the production achieved, indicating labor efficiency.
Labor Efficiency Variance
A measure of the difference between the actual number of labor hours used and the standard number of labor hours expected to produce a certain level of output.
Materials Quantity Variance
The financial difference between the actual quantity of materials used in production and the standard expected quantity.
Favorable
A term used to describe outcomes or variances that are positive or beneficial to a business, such as lower costs or higher revenues than expected.
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