The Two Basic Reasons for Variance Are

question 19

Multiple Choice

The two basic reasons for variance are

• A)estimates of error and measuring instruments
• B)robustness and power
• C)simple statistics and poor understanding of statistical assumptions
• D)measurement inaccuracy and true differences between measurements

---

Definitions:

Budgeting

The process of creating a plan to spend your money, outlining an organization's financial and operational goals.

Flexible Budget

A budgeting method that adjusts or scales according to the changes in activity or volume levels within a company.

Patient-Visits

The number of occasions when patients receive care from healthcare facilities or providers.

Static Planning Budget

A budget based on a fixed level of activity and does not change in response to variations in the level of actual activity.