What Can Be Concluded from the Source Note of Table

question 41

Multiple Choice

What can be concluded from the source note of Table 2.2? Opinion of the United States: Comparison of Selected Nations
PERCENTAGE OF PERSONS WHO HOLD A "FAVORABLE" (VS. "UNFAVORABLE") OPINION OF THE UNITED STATES
Source: Pew Research Center, 2017g.

• A) The data were compiled in the past five years.
• B) The data were gathered from organizations in one country.
• C) The data have been taken from more than one source.
• D) The data are unbiased.

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Definitions:

Budget Variance

Budget variance is the difference between the budgeted or planned amount of expense or revenue and the actual amount incurred or earned.

Standard Cost System

An accounting framework where predetermined costs are used for valuing inventories and measuring cost variances.

Volume Variance

Volume variance reflects the difference between the expected number of units produced or sold and the actual units produced or sold, impacting costs and revenue.

Budget Variance

The difference between the budgeted or planned amounts and the actual amounts incurred, used for financial analysis and control.