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A Negative Schedule Variance Means That It Took Less Time

question 92

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 A negative schedule variance means that it took less time than planned to perform the work.


Definitions:

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is not chosen.

Leisure

Free time when individuals are not working, which can be used for rest, recreation, or personal activities.

Opportunity Cost

The worth of the best option that was given up to make a choice.

Leisure

Free time when one is not working or occupied; time available for ease, relaxation, and activities one enjoys.

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