A Variance Can Best Be Described As

question 40

Multiple Choice

A variance can best be described as:

• A) benchmarks common to other firms in the same industry.
• B) differences between planned results and actual results.
• C) useful for performance evaluations but not making decisions.
• D) generally accepted accounting principles when standards are useD.
• Variances are internal to a company and are useful for decision making as well as performance evaluation.The statement is a basic explanation of a variance.

Understand how past behavior predicts future actions more accurately than psychological profiling.

Understand principles of persuasion and attitude change, including the sleeper effect and foot-in-the-door technique.

Grasp the distinction between personal and collective unconscious and the role of stages in psychological development.

Understand the definition and significance of norms within a culture.

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Definitions:

Boolean Variables

Data types that can hold only two values: true or false.

Do...While Loop

A control flow statement that executes a block of code at least once and then repeats as long as a specified condition remains true.

Sentinel-Controlled While Loop

A loop that continues execution until a special value, known as a sentinel value, is encountered which terminates the loop.

Statement Above

A reference to a piece of code or comment mentioned in the preceding lines in a document or code.