The difference between actual results and expected performances is referred to as the ________.

Question

Quizplus · Accepted Answer

The difference between actual results and expected performances is known as variance in the field of statistics and management. It is an important metric used to evaluate the performance of a project, process or product. Variance is calculated by subtracting the expected result from actual results. A positive variance indicates that actual results have exceeded the expectations, and negative variance reflects that actual results fall short of expectations. Therefore, option A is the correct answer.

The Difference Between Actual Results and Expected Performances Is Referred