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

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Definitions:

Species Diversity

The variety and abundance of different species within a given ecological community or ecosystem.

Genetic Diversity

The amount of genetic information within a single population species.

Deep Ecology

Belief that unless we believe environmental issues become “our” issues, very little can be accomplished.

Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, crucial for ecological balance.