Raheem is quick to point out how much money will need to be spent up front, discounting the fact that in the long term the payout could be large. He is displaying

Which of the following is the correct formula for measuring a cost variance?

A) Cost Variance = (Actual Cost + Standard Cost) / Actual Quantity B) Cost Variance = (Actual Cost - Standard Cost) x Actual Quantity C) Cost Variance = (Actual Cost + Standard Cost) + Actual Quantity D) Cost Variance = (Actual Cost - Standard Cost) - Actual Quantity

A low-cost leader in a market is by definition the volume leader

Indicate whether the statement is true or false