A Favorable Variance

question 27

Multiple Choice

A favorable variance

• A) is an indication that the company is not operating in an optimal manner.
• B) implies a positive result if quality control standards are met.
• C) implies a positive result if standards are flexible.
• D) means that standards are too loosely specified.

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Definitions:

Poor Quality

Descriptive of something that fails to meet an acceptable standard or lacks excellence.

Semi-Structured Interview

Uses prescribed items and thereby allows the examiner to obtain the necessary information within a relatively short amount of time. However, this kind of interview also gives leeway to the examiner should the client need to “drift” during the interview process.

Unstructured Interview

A type of interview where questions are not pre-arranged, allowing for free-flowing and spontaneous conversation.

Prescribed Set

A specific collection of elements, such as numbers, terms, or symbols, that is defined or allocated for a particular purpose.