Which of the Following Statements Is True of Cost Variances

question 129

Multiple Choice

Which of the following statements is true of cost variances and efficiency variances?

• A)They pertain to the difference between the static budget and actual results.
• B)They pertain to the difference between the flexible budget and actual results.
• C)They pertain to the difference between the flexible budget and the static budget.
• D)They pertain to the difference between the static budget and the previous year's actual results.

---

Definitions:

Injunctive Norm

Social norms that concern people's perceptions of what behaviors are approved or disapproved of by others.

Informational Influence

A social influence to accept information from others as evidence about reality, often leading to internalization or private acceptance of the information.

Chameleon Effect

The unintentional mirroring of the behaviors, mannerisms, or emotions of others, often as a form of social interaction.

Descriptive Norm

Norms that convey information about what is commonly done in specific situations, influencing behavior by indicating what is considered typical or normal.