Managers Benefit from Variance Analysis Because It Highlights Individual Aspects

question 32

Multiple Choice

Managers benefit from variance analysis because it highlights individual aspects of:

• A)costs.
• B)profit.
• C)prices.
• D)performance.

---

Definitions:

Alcoa Case

A 1945 case in which the courts ruled that the possession of monopoly power, no matter how reasonably that power had been used, was a violation of the antitrust laws; temporarily overturned the rule of reason applied in the U.S. Steel case.

Structuralist Approach

A methodology in economics and social sciences that focuses on understanding the underlying structures that shape economic outcomes.

Treble Damages

A legal remedy that allows a court to triple the amount of the actual or compensatory damages awarded to the plaintiff, often used in antitrust and patent infringement cases.

Microsoft Antitrust Case

A legal case in which Microsoft was accused of holding a monopoly and engaging in anti-competitive practices, leading to a series of court decisions aimed at reducing its monopoly power.