A Tool That Managers Use to Estimate the Effects of Deviations

question 63

Multiple Choice

A tool that managers use to estimate the effects of deviations from budget assumptions is known as:

• A) sensitivity analysis
• B) variance analysis
• C) standard costing
• D) benchmarking

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Definitions:

Vertical Crack

A fracture or break in rock extending in an up-and-down direction.

Fault Scarp

A steep slope or cliff formed by the movement of a fault during an earthquake, indicating the relative displacement of the Earth's surface.

Topography

The arrangement of natural and artificial physical features of an area, including its relief, and the positions of streams, hills, and valleys.

Recent Earthquakes

Earthquakes that have occurred in the near past, often recorded and analyzed for seismic activity and patterns.