A Term Is Substantively Unconscionable If It Is Imposed Upon

question 20

True/False

A term is substantively unconscionable if it is imposed upon the weaker party because of fine print.

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Definitions:

Direct Materials Quantity Variance

A measure of the difference between the actual quantity of materials used in production and the expected amount, indicating efficiency in material usage.

Direct Materials

Raw materials that are directly incorporated into a finished product and can be easily traced to it.

Rate Variance

Refers to the difference between an actual rate and a standard or expected rate, often used in budgeting and financial analysis to understand variances in performance.

Direct Labor Hours

The total hours of labor directly involved in the manufacturing of a product, directly tied to the production process.