Variance used by managers to check whether company has performed well and properly implemented strategies is considered as
A. strategic implementation
B. proper implementation
C. performance evaluation
D. well evaluated
Answer: Option C
Solution(By Examveda Team)
Variance used by managers to check whether company has performed well and properly implemented strategies is considered as performance evaluation. Performance Evaluation is defined as a formal and productive procedure to measure an employee's work and results based on their job responsibilities.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion