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Commerce · Q552

Costing

Graduate and Post Graduate · Commerce · question 552

Q552

Variance used by managers to check whether company has performed well and properly implemented strategies is considered as

A.
strategic implementation
B.
proper implementation
C.
performance evaluation
Answer
D.
well evaluated

Answer: Option C

Solution

Answer: Option C
Solution:
Variance used by managers to check whether company has performed well and properly implemented strategies is considered as performance evaluation. Performance Evaluation is defined as a formal and productive procedure to measure an employee's work and results based on their job responsibilities.