The Assessment of the Realism of the Possibility That the Current

question 92

Multiple Choice

The assessment of the realism of the possibility that the current employees will be able to operate the proposed IT system is referred to as:

• A)Operational Feasibility
• B)Economic Feasibility
• C)Schedule Feasibility
• D)Technical Feasibility

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Definitions:

Revenue Price Variance

The difference between the actual revenue received from selling a product and the expected revenue, based on standard pricing.

Revenue Volume Variance

The difference between the planned and actual units sold multiplied by the planned sales price.

Total Revenue Variance

The difference between the actual total revenue earned and the expected total revenue in a period.

Direct Materials Price Variance

The difference between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.