The Purpose of Variance Analysis Is to

question 27

Multiple Choice

The purpose of variance analysis is to

• A) Explain differences in actual and budgeted expenses
• B) Determine if managers can control the factors driving differences between actual and budgeted expenses
• C) Hold managers accountable for changes that negatively impact an organization
• D) Determine if and how operations need to be altered

---

Definitions:

Long-Arm Jurisdiction

Long-Arm Jurisdiction refers to a court's ability to exercise authority over a defendant from another state or country, provided the defendant has sufficient connections to the jurisdiction.

In Rem Jurisdiction

Refers to a court's power over an item of property, rather than over a person.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties find a mutually satisfactory resolution.

Counterclaim

A legal claim brought against the plaintiff by the defendant, typically in response to the original lawsuit.