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Which of the following statements regarding variances is(are) false?
(A) In general and holding all other things constant,an unfavorable variance decreases operating profits.
(B) A favorable variance is not always good,and an unfavorable variance is not always bad.
Competitors
Other businesses or entities that offer similar products or services and vie for the same customer base within a market.
Scope
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Comprehensive Scenarios
Detailed, envisioned events or sequences that outline possible future situations, often used in planning and strategy development to anticipate challenges and opportunities.
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