If a Variance Analysis Shows That Operations Are Better Than

question 85

Multiple Choice

If a variance analysis shows that operations are better than expected, managers should:

• A) Do nothing
• B) Revise standard costs to make them harder to achieve
• C) Distribute extra dividends to shareholders
• D) Monitor quality to ensure it was maintained

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Definitions:

Organizing Skills

The abilities related to planning, arranging, and managing resources or events efficiently.

Members' Votes

The act of members of an organization or legislative body casting their vote or making a decision, often in the context of elections or policy approval.

Electoral Process

The series of procedures through which officials are selected by a vote of the people, encompassing everything from campaigning to the counting of ballots.

Democracy

A system of governance where authority is given to the citizens, who govern themselves either directly or by electing representatives democratically.