Which of the Following Is an Incorrect Statement Regarding Variances

question 28

Multiple Choice

Which of the following is an incorrect statement regarding variances?

• A) A variance is favorable when expected sales are more than actual sales.
• B) A variance is a difference between budgeted and actual amounts.
• C) A variance can be calculated for both revenues and expenses.
• D) A variance can be both favorable and unfavorable.

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Definitions:

Phonological Loop

A component of working memory model that deals with auditory information and preserves it in a verbal form.

Visuo-Spatial Sketchpad

A component of the working memory model that processes and stores visual and spatial information, used for navigation and understanding spatial relationships.

Working Memory

A cognitive system responsible for temporarily holding information available for processing, important for reasoning and the guidance of decision-making and behavior.

Hippocampus

A region of the brain that is associated with the formation of new memories and is involved in learning and emotions.