Why Do Variances Have Little Meaning Until Their Causes Are

question 151

Multiple Choice

Why do variances have little meaning until their causes are identified?

• A)Because they cannot be calculated correctly until the causes are known
• B)Because identifying their causes allows manages to take correct action
• C)Because identifying their causes will immediately increase net income
• D)None of these ans choices are correct

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Definitions:

Firm

Having a solid, unyielding surface or structure, often used to describe physical objects or business establishments with strong foundations.

Principles

Fundamental beliefs or guidelines that drive decision-making and actions within various disciplines or aspects of life.

Standing

The position or status of being upright on the feet to support the weight of the body.

Busy Reception

A scenario where the reception area of a business or office is experiencing high levels of activity and visitor volume.