If Both Favorable and Unfavorable Variances Exist,the Variances Are Subtracted

question 84

True/False

If both favorable and unfavorable variances exist,the variances are subtracted from each other.The variance is determined to be favorable or unfavorable based on which one is the larger amount.

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Shareholder

An individual or entity that owns at least one share of a company's stock, making them a partial owner of the company.

Stakeholder

An individual or entity with an interest or concern in a business or project, potentially affected by its outcomes.

Milton Friedman

Milton Friedman was an American economist known for his strong belief in free-market capitalism and for his influential works in the fields of economics and economic policy.

Social Responsibility

The idea that businesses should contribute to the welfare of society and not be solely focused on maximizing profits.