Which of the Following Is True of Variance

question 16

Multiple Choice

Which of the following is true of variance?

• A) Managers should interpret a favorable variance as "good news".
• B) Managers should not simply interpret a favorable variance as good but should understand why the variance occurred.
• C) A small variance or zero variance definitively reveals efficient performance.
• D) Managers' performance must be evaluated solely on single variance.

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Definitions:

-esis

-esis is a suffix used in medical terminology to indicate an action, process, or condition, often used to describe pathological conditions.

Serum

The liquid part of blood that remains after clotting has occurred, devoid of cells and fibrinogen but full of proteins and antibodies.

Fluid

A substance that flows and is not solid, including liquids and gases.

Surgical Puncture

A medical procedure involving the piercing of the skin or other tissue with a sharp instrument for diagnostic or therapeutic purposes.