An Adverse Variance Is Best Described as A

question 56

Multiple Choice

An adverse variance is best described as a:

• A) variance where the actual performance falls short of the budget target.
• B) variance where actual performance exceeds the budget target.
• C) combination of variances.
• D) variance where labour efficiencies have occurred.

---

Definitions:

Improver

In legal terms, a person who enhances the value of property (not their own) through labor or new additions.

Property

Refers to legally owned items or assets, including real estate, personal items, and intellectual property.

Compensation

Payment or benefit given to someone, often as a reparation for loss, injury, or suffering.

Private Property

Property owned by individuals or corporations rather than by the government or the public.