A Contract with a New Supplier May Cause an Unfavourable

question 87

True/False

A contract with a new supplier may cause an unfavourable materials price variance.

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Definitions:

Compensation

The payment and benefits that employees receive in exchange for their work, including salaries, wages, bonuses, and benefits.

Balanced Scorecard

A system for strategic planning and management that helps align organizational activities with its vision and strategy, enhances communication within and outside the organization, and tracks the organization's performance in relation to its strategic objectives.

Easily Manipulated

Refers to data or variables that can be quickly and often unethically altered or influenced.

Reliable

A characteristic indicating that something is consistently good in quality or performance; dependable.