Variances Should Be Investigated If They ________

question 60

Multiple Choice

Variances should be investigated if they ________.

• A) are favorable
• B) are unfavorable
• C) are smaller than the variances in the prior period
• D) exceed certain dollar amounts or percentage deviations from the budget

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Definitions:

Earthquake

A sudden and violent shaking of the ground, sometimes causing great destruction, as a result of movements within the earth's crust or volcanic action.

Prohibitively Expensive

Costs that are so high they discourage or prevent an individual or entity from purchasing a service or product or undertaking an action.

Impossibility of Performance

A legal doctrine that releases parties from their contractual obligations when an event occurs that makes performance objectively impossible.

Absconded

To leave hurriedly and secretly, typically to escape from custody or avoid arrest.