Answer:
The correct answer is option c. "Standard costs".
Explanation:
Standard costs are defined as anticipated or expected costs incurred under normal conditions to produce a specific product or service. Usually, manufactures establish standard costs to their products according to their costs of material, labor and manufacturing processes. The term of standard costs is very important during cost accounting approaches in order to a company to perform in favorable conditions. The difference between the standard cost and the actual costs are known as variances.
Answer:
Hindsight Bias.
Explanation:
A Hindsight Bias can be defined as the phenomenon of predicting what will may happen based on past experience. It is also known as 'I Knew it all along.'
<u>This prediction becomes biased when earlier predictions become distorted. People often begin thinking that such a situation is bound to happen as they begin perceiving events as inevitable. </u>
<u>This hindsight bias can be seen in day-to-day life such as politics and sports.</u>
So, the correct answer is hindsight bias.
Answer:
Twenty-five years or older
Explanation:
According to the United States constitution, the age requirement to serve in the house of representatives is twenty-five years and above.
For a senator, the minimum age requirement is thirty years of age while an individual with desires, to serve as a congressman or woman, must meet the age requirement which is twenty-five. This is so because the U.S House of Representative is the closest to the citizens of the United States in terms of representation.
Besides attaining the age requirement which is twenty-five, he/she must be a citizen of the United States for seven years or more, and must primarily reside in the state they want to represent in congress etc.
