Variance Analysis Includes All of the Following Except

question 61

Multiple Choice

Variance analysis includes all of the following except

• A)taking corrective action.
• B)investigating all significant and insignificant variances.
• C)developing performance measures to track activities causing the variance.
• D)computing variances.

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Definitions:

Corporation

A legal entity recognized by law as separate from its owners, providing limited liability protection to its shareholders.

Legal Entity

A legal entity refers to any company or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Sole Proprietorship

A sole proprietorship is a type of business structure where one individual owns and operates the business, bearing sole responsibility for its assets and liabilities.