When Utilizing Performance Standards,the Difference Between the Standard and the Actual

question 39

Multiple Choice

When utilizing performance standards,the difference between the standard and the actual performance is called:

• A)​Productivity Gap
• B)Organizational Variance​
• C)Certified Variance​
• D)Performance Variance​

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Definitions:

Concessional Terms

Loan conditions that are more favorable to the borrower, including lower interest rates or longer repayment periods, typically offered by governments or international institutions.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.

Foreign Aid

Financial or other forms of help given from one country to another for humanitarian or development purposes.

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.