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Managers Should Do Nothing If the Variance Observed from the Standard

question 36

True/False

Managers should do nothing if the variance observed from the standard is acceptable.


Definitions:

Proposal

A formal suggestion or plan put forward for consideration or discussion by others.

Deliverables

Tangible or intangible outputs or outcomes that must be provided upon completion of a project or task.

Tangible Product

A physical item that can be perceived by touch and is produced for sale or use.

Service

The act of helping or doing work for someone, or a system supplying a public need such as transport, communications, or utilities.

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