An Adverse Variance Is Best Described as A

question 57

Multiple Choice

An adverse variance is best described as a:

• A)variance where the actual performance falls short of the budget target.
• B)variance where labour efficiencies have occurred.
• C)combination of variances.
• D)variance where actual performance exceeds the budget target.

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Definitions:

Bottom-Up Change

A transformative approach where the initiative for change originates from the lower or operational levels of an organization and moves upwards.

Weekly Meetings

Regularly scheduled gatherings that occur once a week to discuss project updates, organizational matters, or other pertinent topics.

Functional Levels

Different layers within an organization, each responsible for specific, specialized areas of work or operations.

Quantity Demanded

The total amount of a good that consumers are willing and able to purchase at a given price over a specified period of time.