An Unfavorable Static Budget Variance for Operating Income May Be

question 132

Multiple Choice

An unfavorable static budget variance for operating income may be due to ________ or ________.

• A)unfavorable revenue variance; unfavorable cost variance
• B)unfavorable revenue variance; favorable cost variance
• C)favorable revenue variance; unfavorable cost variance
• D)all of the above

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Definitions:

Measure of Agreement

An assessment of the consistency or reproducibility of ratings or assessments made by different evaluators.

Measure of Consistency

An indicator of the reliability or stability of scores or measurements across different instances or over time.

Measure of Stability

A metric used to assess the consistency or reliability of a measurement over time.

Error Score

The difference between an observed value and the true value, often used in the context of measurement and assessment to evaluate accuracy.