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:

Fruit

The mature ovary of a flowering plant, usually containing seeds, that is consumed as food by humans and animals.

Cognitive Development

The growth of cognitive abilities and capacities from infancy through adulthood, involving processes such as thinking, problem-solving, and memory.

Piaget

A psychologist from Switzerland recognized for his groundbreaking contributions to the field of child development and his cognitive development theory.

Cultural Context

The various social, religious, economic, and cultural circumstances that influence the environment in which individuals live and interact.