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Professor Milne Was Preparing to Do Some Unstructured Qualitative Interviewing

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Professor Milne was preparing to do some unstructured qualitative interviewing.Milne knew that you were a research-methods student and asked for your advice.You told Milne

Describe the characteristics of a sustainable business and its impact on the environment.
Identify the elements that constitute the specific and general environments of an organization.
Understand the effects of technological conditions on organizational environments.
Recognize the process and importance of innovation in achieving competitive advantage.

Definitions:

Variance

A measure of the dispersion or spread of a set of data points around their mean value.

Direct Materials Quantity Variance

The difference between the actual quantity of direct materials used in production and the standard quantity expected to be used.

Standard Labor Hours

The predetermined amount of time expected to be required to complete a task or produce a unit of goods under normal conditions.

Direct Materials Price Variance

The difference between the actual cost of materials used in production and the expected (standard) cost, indicating how effectively a company controls its raw material expenses.

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