Where There Is an Insignificant Adverse Variance, Management Is Best

question 72

Multiple Choice

Where there is an insignificant adverse variance, management is best advised to:

• A)ignore it, as the cost of investigation may outweigh the benefit.
• B)investigate immediately and in full detail.
• C)keep the variance under review.
• D)ignore it, as it may be compensated by an insignificant favourable variance.

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Definitions:

Dominant

Exerting power or influence over others; more pronounced or effective than others.

Independent

The state or condition of being free from outside control or support, capable of thinking or acting for oneself.

Grandparents

The parents of one's parents, often playing unique roles in family structures through guidance, support, and transmission of cultural and familial traditions.

Generativity

A stage of adult development where individuals seek to guide and nurture the next generation.