The Calibrator Role

question 25

Multiple Choice

The calibrator role

• A)keeps the team on track by suggesting any needed changes to the team's process.
• B)supports those with expertise toward the team's goals.
• C)uses good listening skills and humor to defuse tense situations.
• D)helps transform ideas into action.

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Definitions:

Cost Variance

The differences between actual and standard costs.

Standard Cost

A detailed estimate of what a product should cost.

Actual Cost

The actual amount spent on goods, services, or other expenses, as opposed to budgeted or standard costs, including all direct and indirect costs.

Principle of Exceptions

A management principle focusing on identifying and addressing areas that significantly deviate from the norm or expected results, often utilizing reporting and analysis.