Profitability ratios and variance analysis


Question1   ______ is an outline of the knowledge, skills, education and physical abilities needed to perform a job adequately.

[A] A job specification

[B] A job posting

[C] A job analysis

[D] A job preview

Question2: Comparisons of per capital gross domestic product (GDP) between countries:

[A] Provide information about productive capabilities not relative standards of living

[B] Are misleading because countries use totally different methods of calculation GDP

[C] Do not necessarily provide a good measure of relative living standards

[D] Provide an accurate gauge by which to judge living standards

Question3: A favorable material variance coupled with and unfavorable material usage variance would most likely be the result of:

[A] The purchase and use of higher than standard quality material

[B] The purchase and use of lower then standard quality material

[C] Labor efficiency problem

[D] Machine efficiency problem

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Finance Basics: Profitability ratios and variance analysis
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