Which of the Following Factors Is Not Usually Important When

question 159

Multiple Choice

Which of the following factors is not usually important when deciding whether to investigate a variance?

• A) Magnitude of the variance.
• B) Trend of the variance over time.
• C) Whether the variance is favorable or unfavorable.
• D) Cost of investigating the variance.
• E) Likelihood that the variance will recur in the future.

Understand the purchasing function and stages in organizations.

Describe the impact of electronic data interchange in supply chains.

Identify factors influencing organizational buying behavior.

Understand the stages in the organizational buying decision process.

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Definitions:

Correlation Coefficient

A statistic that indicates the strength and direction of a relationship between two variables.

Chance Fluctuation

Random variations in data or processes that are not due to any specific cause, often considered in statistical analyses.

File Drawer Problem

The bias introduced into scientific literature when studies with positive results are more likely to be published than studies with negative or non-significant findings.

Replication

refers to the process of conducting a study or experiment again with the aim of verifying the results obtained in a previous research.