The only variances that should be investigated are those for which the expected benefits of correction exceed the costs of investigating and correcting.

Name: The only variances that should be investigated are those for which the expected benefits of correction exceed the costs of investigating and correcting.
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Question

Quizplus · Accepted Answer

The principle of cost-benefit analysis suggests that only variances where the benefits of correction outweigh the costs should be investigated to ensure efficient use of resources.

The Only Variances That Should Be Investigated Are Those for Which