Which of the Following Statements Regarding Variances Is/are True

question 59

Multiple Choice

Which of the following statements regarding variances is/are true?
The actions that create a favourable direct material price variance
i. can result in an unfavourable direct material quantity variance
ii. are likely to create an unfavourable direct labour rate variance
iii. can result in an unfavourable direct labour efficiency variance

• A) i
• B) i and ii
• C) i and iii
• D) ii and iii

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Definitions:

Self-Concept

An individual's perception of themselves, including beliefs about one’s attributes, roles, goals, and competencies.

Incongruence

A state of being where there is a discrepancy between one's self-image and the reality of one’s experiences or behaviors, often leading to psychological distress.

Actual Experience

Real, lived events and interactions that an individual undergoes, as opposed to theoretical knowledge or speculative scenarios.

Abraham Maslow

A psychologist known for developing the hierarchy of needs, a theory that describes human motivation based on fulfilling a series of needs from basic to self-actualization.