Variance Analysis Should Be Used ________

question 31

Multiple Choice

Variance analysis should be used ________.

• A) to understand why variances arise and to improve future performance
• B) as the sole source of information for performance evaluation
• C) to punish employees that do not meet standards
• D) to set the standards which are very easy to achieve to encourage employees to focus on meeting standards

---

Definitions:

Retailer Classification

The categorization of retailers based on factors such as size, product assortment, pricing strategy, and location, to understand market dynamics better.

Compact Fluorescent

A type of energy-saving light bulb that uses fluorescent technology to produce light, characterized by its spiral or folded shape.

LED Bulbs

Light Emitting Diode (LED) bulbs are energy-efficient lighting devices that convert electricity directly into light.

Solar Panels

Devices that convert sunlight into electricity, composed of photovoltaic cells that capture and transform solar energy.