A Favourable Variance That Is Significant in a Cost Report

question 99

Multiple Choice

A favourable variance that is significant in a cost report

• A)is a positive result for a manager.
• B)is a negative result for a manager.
• C)can be ignored especially if it is a minor amount.
• D)should be investigated along with any negative variances.

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Definitions:

Knowledge

Information, understanding, or skill that one gets from experience or education; the theoretical or practical understanding of a subject.

Critical Race Theory

An interdisciplinary approach used to investigate the intersections of race, class, ethnicity, gender, and sexuality to explain prejudice and discrimination.

Historical Racism

Describes the systematic discrimination and prejudice against certain racial groups, deeply embedded in the history of societies.

Hegemony

Domination through ideological control and consent.