If a company reports that its quarterly earnings will be between $100 million and $125 million, the range is an example of _________ variation.
A) Chance
B) External
C) Assignable
D) controlled

Question

Quizplus · Accepted Answer

The range between $100 million and $125 million is an example of chance variation, which refers to natural fluctuations in a process or system that occur randomly and outside of an organization's control. In this case, factors such as market conditions, consumer behavior, and unforeseen events can impact the company's earnings within this range.

If a Company Reports That Its Quarterly Earnings Will Be