Business - Varience analysis
A quiz on varience analysis.
- Created by: Maddi Sheppard
- Created on: 18-05-11 11:35
Other questions in this quiz
2. Adverse Varience - When costs are higher than expected or revenue is lower.
- True
- False
3. Budgeted figure is 200, the actual figure is 187. Which varience is corret?
- 13 (F)
- 13 (A)
- 387 (F)
4. What does S.M.A.R.T stand for in the context of budgets?
- Specific, Measurable, Agreed, Realistic, Time Bound
- Specific, Measurable, Agreed, Realisitic, True
- Short, Measurable, Achieveable, Realistic, True
5. How can varience analysis help decision making?
- Show areas of success
- Identify efficiency and error
- All of the above
- Show that eternal factors may be the cause of adverse variences
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