Question

When utilizing performance standards, the difference between the standard and the actual performance is called?

1) Productivity Gap
2) Organizational Variance
3) Certified Variance
4) Performance Variance

Answer 1

Performance Variances is the difference between the standard and the actual performance.

Step-by-step explanation:

The difference between the standard and the actual performance when utilizing performance standards is called Performance Variance. Performance variance measures the gap between what was expected and what was actually achieved. It helps organizations identify areas of improvement and make necessary adjustments to meet or exceed the standard.