Which of the Following Is True of Variance

question 154

Multiple Choice

Which of the following is true of variance?

• A) Managers should interpret a favorable variance as "good news" or assume it means their subordinates performed well.
• B) A variance within an acceptable range is considered to be an "in-control occurrence" and calls for no investigation or action by managers.
• C) The purchasing manager secured a discount for buying in bulk with fewer purchase orders which results in unfavorable material price variance.
• D) Managers' performance must be evaluated solely on single variance.

Grasp the basic principles of social learning theory, including key dimensions such as symbolizing, forethought, self-control, and self-efficacy.

Recognize the role of empowerment in employee performance and organizational success.

Distinguish between reinforcement schedules based on time (interval) and behavior (ratio) and their effectiveness in various scenarios.

Understand the importance of customizing rewards and recognitions to enhance employee motivation.

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