The Industry Volume Variance Is the Portion of the Sales

question 135

True/False

The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.

---

Definitions:

Government

The system by which a community, state, or nation is governed, responsible for making and enforcing laws, managing public resources, and protecting citizen rights.

Managers

Managers are individuals in an organization responsible for directing and overseeing the work of a group of people towards achieving business goals.

Sole Proprietorship

A sole proprietorship where the business and the owner are legally considered the same entity, operated by only one person.

Death

The end of life in biological organisms; not applicable in a financial or economic context unless metaphorically used.