Answer:
Total material price variance= $380 favorable
Explanation:
Giving the following information:
Material A:
Purchase= 1,000 units
Purchase price= $2.1
Standard price= $2
Material B:
Purchase= 2,400 units
Purchase price= $2.8
Standard price= $3
<u>To calculate the total material price variance, we need to use the following formula on each material:</u>
<u></u>
Direct material price variance= (standard price - actual price)*actual quantity
<u>Material A:</u>
Direct material price variance= (2 -2.1)*1,000
Direct material price variance= $100 unfavorable
<u>Material B:</u>
Direct material price variance= (3 - 2.8)*2,400
Direct material price variance= $480 favorable
Total material price variance= -100 + 480
Total material price variance= $380 favorable
Answer:
The answer is C. Proactive management
Explanation:
Proactive management looks ahead. They are not reactive. They envisage problems before it occurs. They institute or set up internal controls which will not be conducive to fraud. Internal controls like segregation of duty, dual control, authorization etc.
But in an organization where perceived inequalities are rife, employees will tend to play fast because they are not satisfied.
Also, when unreasonable budget are set by the management, employees tend to do all things possible to achieve this budget so as to keep their job. This breeds the thought of fraud.
High employee turnover too can lead to fraud because staffs know they wont stay too long.
Answer: D) Behavioral CQ(Cultural intelligence)
Explanation:
Behavioral cultural intelligence is defined as intelligence that gives ability to a person for changing their verbal and non-verbal interaction skills as per cultural situation or condition.This help in learning and dealing with new cultural aspects easily for advancement.
According to the question's statement, modification in verbal and non-verbal communication technique is being depicted while interaction with different cultures.Therefore, behavioral CQ is the nature of the speaker.
Other options are incorrect because cognitive cultural intelligence, motivational cultural intelligence and meta-cognitive cultural intelligence are not depicted through question's statement.Thus, the correct option is option(D).
Answer: Medium-term goals
Personal finance goals can be classified as follows, based on time.
- Short term goals : refers to the amount of money one needs to earn and save in order to meet the financial needs within the next one year.
- Medium term goals : refer to the amount of money a person will need anywhere between one and five years from now. This might include a down payment for a car, a down payment for a house, planning for a long vacation etc.
- Long-term goals: are aimed to cater to financial requirements in the distant future (greater than five years). This may include retirement planning, university fees for children etc.
