Which Department Is Usually Held Responsible for Materials Quantity Variance

question 53

Multiple Choice

Which department is usually held responsible for materials quantity variance?

• A) purchasing
• B) production
• C) engineering
• D) marketing

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Definitions:

Scenario Analysis

A process of analyzing possible future events by considering alternative possible outcomes, often used in strategic planning to make flexible long-term plans.

Forecasting Data

The use of historical data and analysis to make informed predictions about future trends, sales, demands, or other metrics.

Scenario Analysis

A method of evaluating potential future occurrences through the exploration of different potential outcomes or situations.

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.