Which of the Following Statements Is Not True

question 15

Multiple Choice

Which of the following statements is not true?

• A) If actual sales are greater than budgeted sales, the result is a favorable variance.
• B) If actual cost is greater than budgeted cost, the result is an unfavorable variance.
• C) If budgeted sales are greater than actual sales, the result is an unfavorable variance.
• D) If budgeted cost is greater than actual cost, the result is an unfavorable variance.
• E) If actual cost is less than budgeted cost, the result is an favorable variance.

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Definitions:

Board of Directors

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360-degree Feedback

A comprehensive appraisal method that gathers feedback on an employee from their supervisors, peers, subordinates, and sometimes clients.

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Performance appraisals conducted by a supervisor to assess an employee's work performance and provide feedback.

Compensation Officer

A human resources professional responsible for managing an organization’s compensation programs, ensuring competitive and equitable pay practices.