________ Refers to the Process That Identifies Variances by Comparing

question 38

Multiple Choice

________ refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses.

• A) Factor analysis
• B) Forecasting
• C) Financial planning
• D) Financial control

---

Definitions:

Produce

To manufacture, grow, or create goods and services for consumption or sale.

Transport

The movement of goods or people from one location to another using various modes such as road, rail, air, or sea.

Supply Curve

An illustration that depicts the connection between the cost of a commodity and the amount of the commodity that producers are prepared to offer.

Demand Curve

A graph showing the relationship between the quantity of a good that consumers are willing to buy and its price.