Match the Variance to the Correct Definition

question 32

Multiple Choice

Match the variance to the correct definition.
-Sales volume variance

• A)measures how well the business uses its materials or human resources
• B)the difference between the expected results in the flexible budget for the actual units sold and the static budget
• C)the difference between actual results and expected results in the flexible budget for the actual units sold
• D)measures how well the business keeps unit material and labor costs within standards
• E)the difference between actual results and the expected results in the static budget

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Definitions:

Preservation Of Innovation

Preservation of innovation refers to the efforts and methods used to maintain, protect, and sustain innovative practices, ideas, or technologies over time.

Survival Value

The degree to which a particular trait or behavior enhances the likelihood of survival and reproduction of an organism.

Culture

The shared attitudes, values, goals, and practices that characterize an institution, organization, or group.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.