All of the Following Are Criteria for Investigating a Variance

question 112

Multiple Choice

All of the following are criteria for investigating a variance EXCEPT:

• A) Frequency of occurrence
• B) Controllability
• C) Whether favorable or unfavorable
• D) Effect on profitability

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Definitions:

Competitive Strategy

A plan to achieve a competitive advantage in the market, often by distinguishing one's products or services from those of competitors.

Industries and Markets

Sectors of the economy and the competitive environments in which businesses operate.

Restructuring Strategy

A corporate management term referring to the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable or better organized for its present needs.

Retrenchment

A corporate strategy that involves reducing the size or scope of a company's operations, often through layoffs or the sale of assets, as a way to become more financially stable.