If the Conclusion from a Variance Analysis Is That the Benchmark

question 73

Multiple Choice

If the conclusion from a variance analysis is that the benchmark is inappropriate then the correct management action is to:

• A) Write off the variance against cost of goods sold
• B) Do nothing
• C) Revise benchmark
• D) Replace the manager who set the benchmark

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Definitions:

Observers

Individuals who watch or monitor activities or events without directly participating in them.

Self-Observations

The process of intentionally focusing attention on one's own thoughts, emotions, and behaviors to gain insight or promote self-awareness.

Worker Observations

The act of noting or recording the behaviors, practices, or conditions of employees within a workplace.

Triangulation

In research or data analysis, the use of multiple methodologies or perspectives to arrive at a more comprehensive understanding or to validate findings.