Which of the Following Factors Should Not Be Considered When

question 57

Multiple Choice

Which of the following factors should not be considered when deciding whether to investigate a variance?

• A)magnitude of the variance
• B)trend of the variances over time
• C)likelihood that an investigation will reduce or eliminate future occurrences of the variance
• D)whether the variance is favorable or unfavorable

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Definitions:

Contractual Obligations

are responsibilities or duties that are legally binding and arise from agreements or contracts entered into by parties.

Implied Condition

A condition that is not specifically and explicitly stated but is inferred from the nature and language of the contract.

Completion

The finalization or conclusion of a project, contract, or process, marking the end of work and the beginning of the operational period.

Bedroom

A room within a dwelling intended for sleeping or resting, typically containing a bed and storage furniture.