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An Acceptable Range Is Established in Order to Determine If

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An acceptable range is established in order to determine if whether variances are significant.The acceptable range is the standard, plus or minus an allowable deviation.


Definitions:

Breach of Contract

The failure to perform as stated in a contract without a legal excuse, leading to a violation of the agreement.

Principal Place

Typically refers to the main location or headquarters where a business operates or where its central operations are conducted.

Internet

A global network of interconnected computers and servers that enables the sharing of information and communication across vast distances.

Distant State

A term that may refer to a state that is geographically far from a certain reference point or in a figurative sense, indicating a state of being quite different from a current condition.

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