A Positive Correlation Shows That

question 16

Multiple Choice

A positive correlation shows that

• A) Two variables are unrelated.
• B) As one score increases, so does the other.
• C) As one score increases, the other decreases.
• D) Both a and

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Definitions:

Unfavorable Cost Variance

A variance that occurs when the actual cost exceeds the standard cost.

Favorable Cost Variance

A variance that occurs when the actual cost is less than standard cost.

Revenue Price Variance

The difference between the actual revenue received from selling a product and the expected revenue, based on standard pricing.

Revenue Volume Variance

The difference between the planned and actual units sold multiplied by the planned sales price.