Which of the Following Statements Is True with Regard to Variances

question 15

Multiple Choice

Which of the following statements is true with regard to variances requiring investigation?
i. Favourable variances do not need to be investigated.
ii. Large variances should be investigated.
iii. Consistent trends in variances should be investigated.

• A) i
• B) ii
• C) i and ii
• D) ii and iii

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Definitions:

Local Variables

Variables declared within a function or block, accessible only in their scope.

Global Variables

Variables that are defined outside any function and can be accessed from any part of the program.

Declaration Statement

A statement in programming that specifies a variable's type (and optionally its initial value) without executing any logic.