The Amount of Acceptable Deviation from a Standard, Determined When

question 23

Multiple Choice

The amount of acceptable deviation from a standard, determined when the standard was established, is called the

• A)span of exception.
• B)range of variation.
• C)breadth control.
• D)benchmark.
• E)zero-based control.

---

Definitions:

Financing Needs

Refers to the amount of money required by a business or individual to fund current operations or future investments.

Investment Proposals

Plans or suggestions put forward for consideration to allocate resources in order to generate financial returns.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency.

Capacity Utilization

The percentage of a firm or country's productive capacity that is being used at a given time.