Investigating significant differences only between actual results and standards is an application of which management principle?
Question 23 options:
Management by objectives |
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Management by exception |
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Management by walking around |
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Span of control |
Management by exception allows management to focus only on those areas where the business is not performing according to the plan, thus making management effort more efficient.
Investigating significant differences only between actual results and standards is an application of which management principle?...
Briefly discuss the differences between uniform and individual standards, and explain which one results in cost-effective pollution control. (economic perspective)
Variances are the difference between standards and the actual results. How are the standard costs developed? What are the ideal practical standards? Which is better. Please provide an example
Which statement is incorrect … ? A. The budget is the plan but actual results are the reality B. Management should at selected intervals review the operating results by comparing the actual results with the budgeted figures C. A budget variance is simply the difference between the actual and budgeted figure D. All variances are considered significant E. Business plans convey a variety of budgets expressing the expected activities of the business for the near future
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in the flexible budget for the actual units sold B)Expected results in the flexible budget for the actual units sold and the static budget c)Static budget and actual amounts due to differences in sales price d)flexible budget and static budget due to differences in fixed costs Question 18 )Generals Co.can further process Product B to Product product A. product B currently...
Question: Question 183 Processing auditor test data using the client's software application _______. -will allow the auditor to verify manual controls within the software application are functioning as designed -may corrupt the client's system, and should not be attempted -will allow the auditor to verify that the software application is functioning as designed -should be performed without the knowledge of the client's senior management Question 19 The tolerable deviation rate _______. -relates to how many immaterial misstatements the auditor finds...
Which of the following statements about direct material variances are likely to be true? Differences between the actual production level and budgeted (expected) production level is NOT a reason why direct materials quantity (or efficiency) variances arise. A direct materials quantity (or efficiency) variance can arise due to factors outside the production manager's control A direct materials quantity (or efficiency) variance will arise if the organisation manages to negotiate a better price for its materials compared to what it had...
thank you! Question 27 2 pts Which of the following is false concerning the differences between purines and pyrimadines? A pyrimadine consists of a six-sided ring. The same purines are found in DNA and RNA. DNA and RNA contain different pyrimadines. None of the other answers is correct. A purine consists of only a six-sided ring. Question 28 2 pts For DNA samples tested for base composition, which of the following is one of the expected results? A+G+T+C OA-CAT-G O...
Dr. Money wanted to determine whether there were differences between men and women in terms of the salaries that they earn. Dr. Money will need to use what kind of t-test? Question 1 options: Between-subjects design t-test Independent samples t-test Two-sample t-test In the PenCast, all of the terms were used to describe the t-test appropriate for the scenario above Within subjects t-test Save Question 2 (1 point) Dr. Bowles wanted to explore change in brain volume following a course...
1. The master budget A. Shows forecasted and actual results B. Reflects controllable costs only C. Can be used to determine manufacturing cost variances D. Contains the operating budget 2. The master (comprehensive) budget A. Shows the forecasted and actual results B. Reflects controllable costs only C. Can be used to determine manufacturing cost variances D. Contains both financial and operating budgets 3. Zero-base budgeting has which of the following as its objective? A. To base the current year's budget...
1. Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee? A. Management's failure to renegotiate unfavorable long-term purchase commitments.B. Recurring operating losses that may indicate going concern problems.C. Evidence of a lack of objectivity by those responsible for accounting decisions.D. Management's current plans to reduce its ownership equity in the entity. 2. After obtaining an understanding of internal control and arriving at a preliminary assessed level...