QUESTION

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Identify the correct statement about performance measurement and variances.

ANSWER

Top managers should design a performance evaluation and reward system that emphasizes company objectives.

Managers do not use variance analysis to reveal individual aspects of performance, but instead only overall impact.

Managers always believe that all favorable variances are good and assume subordinates performed well.

Managers need not understand the cause of a variance before using it in a performance evaluation.

IDON'T KNOWYET

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