Variances that are calculated frequently and in a timely manner can provide early warnings to management so corrective action can be taken.

Question

Quizplus · Accepted Answer

This statement is true. By calculating variances frequently and in a timely manner, management can identify any deviations from expected performance and take corrective action before the situation worsens. This promotes better decision-making and can help the organization achieve its goals more effectively.

Variances That Are Calculated Frequently and in a Timely Manner