The absolute size of a variance is more important than the relative size when trying to decide what variances to investigate.
Answer the following statement true (T) or false (F)
False
While managers often apply a rule of thumb that takes into account both the absolute and the relative magnitudes of a variance, the relative magnitude is probably more important in deciding what variances to investigate.
You might also like to view...
Which of the following does not represent a sale?
a. Merchandise placed aside for a customer who plans to come in next week and pay with cash b. Purchase of merchandise by a customer who pays cash c. Sale of merchandise to a customer who uses a credit card d. Purchase of merchandise by a customer who uses a debit card
Karen has redesigned the jobs of her employees so that they are more challenging to the employee and have less repetitive work. Karen has done which of the following?
A. job rotation B. job enrichment C. horizontal loading D. vertical loading
Sam expressed an interest in buying a painting from Jasper, who claimed that the painting was a family heirloom. Jasper's asking price was $15,000, but Sam was only willing to offer $13,000
Jasper told him that it was a very old painting worth a fortune and that others would gladly pay $20,000 for it. He also told him that he was only selling it under its market value because he needed the money immediately. He then implied that Sam could sell it for a higher rate if he wanted. In legal terms, Jasper's words to Sam would be considered as ________. A) an express warranty B) an implied warranty of merchantability C) a statement of opinion D) an oral contract
Ignored conflict can be a negative force
Indicate whether the statement is true or false