When There Is a Difference Between an Amount in the "Budget

question 43

Multiple Choice

When there is a difference between an amount in the "budget" column and the corresponding amount in the "actual" column,the difference,whether plus or minus,is recorded as a(n) _____.

• A)gain
• B)loss
• C)variance
• D)discrepancy

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Definitions:

Critical Evaluator

An individual skilled in assessing situations or arguments to make well-founded judgements.

Groupthink

A mental occurrence within a group where the need for agreement or uniformity leads to a decision-making result that is illogical or not functional.

Policy Question

A question that focuses on proposed courses of action or decisions regarding public or organizational policies, often requiring analysis and deliberation.

Group Rules

Guidelines or norms established by a group to dictate behavior and ensure smooth functioning.