Management Should Investigate All Variances Whether Large or Small

question 156

True/False

Management should investigate all variances whether large or small.

---

Definitions:

Liability

A legal responsibility or obligation, typically involving financial compensation for loss or damage caused to another party.

Corporate Officer

An individual holding an executive position within a corporation, often vested with specific powers and responsibilities by the bylaws or board of directors.

Day-To-Day Operations

The routine activities necessary for a business or organization to function efficiently, encompassing everything from customer service to managing finances.

Negligence Or Mismanagement

Failures in duty or improper handling of responsibilities, often leading to harm or loss, due to carelessness or lack of competence.