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.

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This statement is true. Effectiveness refers to how well the organization is achieving its goals, while efficiency refers to how well it is utilizing its resources to achieve those goals. Variance analysis compares expected results with actual results in order to identify areas where the organization may be falling short and to determine the root causes of any variances. By focusing on effectiveness and efficiency, managers can identify opportunities to improve performance in these key areas.

When Using Variance Analysis for Performance Evaluation, Managers Often Focus