You Are a New Employee with Acme, Inc

question 28

Multiple Choice

You are a new employee with Acme, Inc. Your supervisor has explained your job to you and has indicated that you will have a great deal of control over your job once you become proficient at it. He compliments your history of accepting responsibility and suggests that you are to feel free to offer constructive criticism about the way that your job is structured.
-Which of the following is something you would not expect your supervisor to believe?

• A) Employees view work as natural.
• B) The average person will seek responsibility.
• C) Workers place security above most other factors.
• D) The ability to make innovative decisions is not necessarily the sole province of managers.
• E) Workers are generally reliable.

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Definitions:

Overhead Volume Variance

Overhead volume variance is the difference between the budgeted overhead at standard production volumes and the actual overhead incurred due to variance in production volume.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels.

Direct Materials Quantity Variance

The difference between the actual quantity of direct materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.

Direct Material Price Variance

The difference between the actual cost of direct materials and the standard cost multiplied by the quantity purchased, used in variance analysis for cost control.