Let 1 Stand for ʺAny Given Periodʺ and 2 Stand

question 104

Multiple Choice

Let 1 stand for ʺany given periodʺ and 2 stand for ʺbase period.ʺ The formula of any index number can be written as

• A) value of index at 1 = absolute value at 1 × 100. absolute value at 2
• B) value of index at 1 = absolute value at 2 × 100. absolute value at 1
• C) value of index at 1 = relative value at 1 × 100. relative value at 2
• D) value of index at 1 = absolute value at 1 . absolute value at 2
• E) value of index at 1 = relative value at 1 . relative value at 2

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Definitions:

Revenue and Spending Variance

The deviation between actual and budgeted figures for both income and expenditures, providing insight into financial performance.

Tenant-Days

A measure used in property management, indicating the total number of days within a period that rental units were occupied.

Flexible Budget Performance Report

A financial report that compares actual results to a budget that adjusts based on the level of output or activity.

Units

The individual items or quantities, often used in the context of production, inventory, or sales.