A Budget Adjusted to Reflect a Budget Allowance Based on Actual

question 59

Multiple Choice

A budget adjusted to reflect a budget allowance based on actual activity achieved rather than the planned level of activity in the original budget is a:

• A)static budget.
• B)rolling budget.
• C)controllable budget.
• D)flexible budget.

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers and dividing by the count of numbers.

Standard Deviation

A gauge for determining the extent of fluctuation or diversity in data points around the central value.

Scores

Quantitative assessments that represent the outcomes or achievements of individuals based on performance or measurement criteria.

Variance

A measure of the dispersion of a set of data points around their mean value, demonstrating how spread out the data points are.