Which of the Following Statements Is True Regarding Variance Analysis

question 96

Multiple Choice

Which of the following statements is true regarding variance analysis in the modern manufacturing environment?

• A) It requires all variances,regardless of size,to be investigated by managers.
• B) The use of ideal standards over practical standards will always be the best motivator to employees.
• C) An 'unfavourable' variance should always be interpreted as 'bad'.
• D) It is often not performed in a timely enough manner to be useful to employees.

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Definitions:

Environmental Considerations

Environmental considerations involve taking into account the potential impacts of actions or decisions on the natural world, aiming to reduce negative effects and promote sustainability.

Job Specialization

The process of focusing on a narrow set of skills or tasks within a job, allowing individuals to become experts in their specific role.

Employee Considerations

Factors that organizations take into account regarding their employees' needs, well-being, and satisfaction at the workplace.

Nonhuman Source

Nonhuman source refers to information, assistance, or input derived from artificial or natural entities other than humans, such as machines, animals, or environmental elements.