In Which of the Following Circumstances Would It Be Acceptable

question 35

Multiple Choice

In which of the following circumstances would it be acceptable to record the material price variance at the time of usage of the materials?

• A) Where a fixed contract price is in place for the purchase of materials for a period.
• B) Where the purchasing manager is held accountable for all material price variances.
• C) Where the purchasing manager has little control over the price paid.
• D) Both where a fixed contract price is in place for the purchase of materials for a period AND where the purchasing manager has little control over the price paid.

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, involving the biological, emotional, social, and cognitive forces that activate behavior.

Performance

The act of carrying out or accomplishing an action, task, or function, often measured against known standards of accuracy, completeness, and speed.

Hindrance Stressors

Are aspects of the work environment or job tasks that impede progress toward achieving personal goals or fulfilling needs, leading to stress.

Strains

The pressure or tension experienced in a substance or object, or metaphorically, in an individual's psychological or emotional state.