A Cost Variance (CV) Can Be Positive or Negative, but Never

question 30

True/False

A cost variance (CV) can be positive or negative, but never zero.

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Definitions:

Moral Panic

A widespread feeling of fear, often irrational, about a potential threat to societal norms and values, usually fueled by media and political discourse.

Crime Prevention

The set of practices, strategies, and actions aimed at stopping crimes from occurring.

Punishment Industry

A term that refers to the network of prisons, jails, and detention centers, along with the businesses and government agencies involved in their operation, emphasizing the profit motive behind incarceration.

Criminal Justice System

An organized set of legal and social institutions that enforce the laws, maintain public order, and deliver justice.