An efficiency variance reflects the difference between: actual input quantities used last period and current period an actual input quantity and a budgeted input quantity an actual input quantity used in a company and its main competitors a standard input quantity in a company and its main competitors

Which of the following are considered needs? check all that apply

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak