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Are negative variances always unfavorable and positive variances always favorable? Explain.
Norway
A country in Northern Europe known for its extensive coastline, fjords, and strong economy.
Canada
A country located in the northern part of North America, known for its vast landscapes, multicultural cities, and as the second-largest country in the world by total area.
Level of Technology
The current state of technological advancement and capability within a society or industry, impacting productivity and efficiency.
Output Per Worker
The average production or number of goods and services produced by an individual worker within a certain period.
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