Large Favourable Variances Between Actual and Planned Performance May Indicate

question 17

Multiple Choice

Large favourable variances between actual and planned performance may indicate:

• A)Budget income targets may need to be revised upwards in the future
• B)That the firm must be operating efficiently
• C)That actual expenses were higher than budgeted expenses
• D)That actual income was too high and should be revised downwards in the future

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Definitions:

Resentment

A feeling of anger or displeasure about someone or something unfair.

Pros And Cons

The advantages and disadvantages of a specific decision, action, or situation.

Constructive Conflict Management

An approach to handling disputes that seeks to find positive or productive outcomes, improving relationships and understanding among parties involved.

Accountable Style

A method of leadership or management where individuals are responsible for their actions and decisions, often involving transparent reporting and feedback mechanisms.