The Difference Between Actual Quantity of Input Used and the Standard

question 82

Multiple Choice

The difference between actual quantity of input used and the standard quantity of input used results in a:

• A)Controllable variance.
• B)Standard variance.
• C)Budget variance.
• D)Quantity variance.
• E)Price variance.

---

Definitions:

Perfectly Positively Correlated

A relationship between two variables where they move in the same direction at the same time with a correlation coefficient of +1.

Portfolio Risk

The potential for loss or underperformance across a collection of investments held by an individual or institution.

Expected Return

The anticipated return on an investment, taking into account all possible outcomes, their probabilities, and their corresponding returns.

Required Return

The minimum rate of return on an investment that is necessary for an investor to consider making that investment.