When Is a Variance Considered to Be 'Material

question 62

Multiple Choice

When is a variance considered to be 'material'?

• A) When it is large compared to the actual cost
• B) When it is infrequent
• C) When it is unfavorable
• D) When it could have been controlled more effectively

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Definitions:

Team Evaluations

The process of assessing the performance and effectiveness of a group working together towards common objectives.

Work Unit

A division or segment within an organization that has a specific function or task, often consisting of a team of employees.

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