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Consider the following statements about variance investigation: 1. The absolute size of a vaniance is more important than the relative size when trying to decide

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Consider the following statements about variance investigation: 1. The absolute size of a vaniance is more important than the relative size when trying to decide what viriances to irvestignte II. Variance investigation invotves a look at enly unfavorable variances. III Variance investigation is typically based on a cost-benefit analysis. Which of the above statements is (are) true? I only. II and III. III only. If only. 1, II, and

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