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.

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Definitions:

Social Media Mix Selection

The strategic choice of social media platforms and tools best suited to reach an organization's marketing goals and target audience.

Corporate Blog

A blog published and used by an organization to reach its goals, share insights, and connect with its audience.

Objective And Task Method

A budgeting approach where a company sets a budget based on the costs of the tasks necessary to achieve specific marketing objectives.

Competitive Parity Method

A marketing budgeting strategy where a company's spend is in line with its competitors to prevent market share loss.