# Answer true diff 1 objective 6 aacsb analytical

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Chapter 3 / Exercise 81
Elementary and Intermediate Algebra: Algebra Within Reach
Larson
Expert Verified
Answer: TRUEDiff: 1Objective: 6AACSB: Analytical thinking18) If variance analysis is used for performance evaluation, managers are encouraged to meet targets using creativity and resourcefulness. Answer: FALSEExplanation: The most common outcome when variance analysis is used for performance evaluation is that managers seek targets that are easily attainable and avoid targets that require creativity and resourcefulness.Diff: 2Objective: 6AACSB: Analytical thinking
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Chapter 3 / Exercise 81
Elementary and Intermediate Algebra: Algebra Within Reach
Larson
Expert Verified
19) When using variance analysis for performance evaluation, managers often focus on effectiveness and efficiency as two of the common attributes used in comparing expected results with actual results.Answer: TRUEDiff: 2Objective: 6AACSB: Analytical thinking20) For critical items such as product defects, a small variance may prompt investigation. Answer: TRUEDiff: 2Objective: 6AACSB: Analytical thinking21) A variance within an acceptable range is considered to be an "in-control occurrence" and calls for no investigation or action by managers. Answer: TRUEDiff: 1Objective: 6AACSB: Analytical thinking22) In variance analysis, if any single performance measure is underemphasized, managerswill tend to make decisions that will cause the particular performance measure to look good.Answer: TRUEExplanation: In variance analysis, if any single performance measure is overemphasized, managers will tend to make decisions that will cause the particular performance measure to look good.Diff: 2Objective: 6AACSB: Analytical thinking23) Efficiency is the relative amount of inputs used to achieve a given output level.Answer: TRUEDiff: 1Objective: 6AACSB: Analytical thinking24) A percentage of products started and completed without requiring any rework is an example of nonfinancial performance measure.Answer: TRUEDiff: 2Objective: 6AACSB: Analytical thinking25) It is best to rely totally on financial performance measures rather than using a combination of financial and nonfinancial performance measures. Answer: FALSEExplanation: It is best to rely on a combination of financial and nonfinancial performance measures.Diff: 2Objective: 6AACSB: Analytical thinking
26) The goal of variance analysis is for managers to understand why variances arise, to learn, and to improve future performance.Answer: TRUEDiff: 2Objective: 6AACSB: Analytical thinking27) Possible operational causes of an unfavorable direct materials efficiency variance include poor design of products or processes.Answer: TRUEDiff: 1Objective: 6AACSB: Analytical thinking28) Effectiveness is the degree to which a predetermined objective or target is met.Answer: TRUEDiff: 1Objective: 6AACSB: Analytical thinking29) With disregard to all other factors, the use of high-quality raw materials is likely to result in a favorable efficiency variance and an unfavorable price variance.