The Term That Describes Differences Between Actual and Budgeted Results

question 55

Multiple Choice

The term that describes differences between actual and budgeted results is:

• A) mistake.
• B) variance.
• C) divergence.
• D) discrepancy.

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Definitions:

Common Stock

Equity ownership in a corporation, entitling holders to vote on company matters and receive dividends.

Lending Money

The act of giving money to another party with the expectation of receiving the money back plus interest or other benefits.

Collecting Loans

The process of obtaining repayment of a loan or debt, including the principal and any accrued interest.

Investing Activities

Financial activities related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.