Variance Analysis Includes Which of the Following Processes

question 92

Multiple Choice

Variance analysis includes which of the following processes?
I. Calculating variances
II. Analyzing the reasons variances occurred
III. Predicting variances in future periods

• A) I and II only
• B) I and III only
• C) II and III only
• D) I, II, and III

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Definitions:

Renewals

The process of extending the period of validity of an agreement, policy, or subscription, often with updated terms or rates.

New-Client Policies

Guidelines or rules established by a business or organization for managing or treating new clients.

Independent

Free from outside control; not depending on another's authority or subject to another’s jurisdiction.

Transaction Fee

A charge assessed for processing a financial operation, such as a bank transfer, stock trade, or credit card transaction.