Requirement 7. analyze each variance and speculate as to what may have caused that variance. the ▼ favorable unfavorable dm price variance and ▼ favorable unfavorable dm quantity variance may have been caused by ▼ purchasing inferior raw materials purchasing superior quality raw materials . the ▼ cheaper materials that are of a lesser quality more expensive materials that are of a higher quality cause ▼ less more waste.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

That answer is true

What is an agreement among firms to divide the market, set prices, or limit production called? this is called collusion