The Budget Variance Is Calculated As

question 83

Multiple Choice

The budget variance is calculated as:

• A)Earned value minus planned value.
• B)Planned value minus actual cost.
• C)Earned value minus actual cost.
• D)Cost minus planned value.

---

Definitions:

Comparison Shop

The practice of comparing prices and features of similar products or services before making a purchase decision.

Marketing Channel

A path or route through which goods or services flow from the producer to the consumer.

Channel Functions

Activities that enable the transfer of goods from the producer to the consumer, including physical distribution, financing, and information sharing.

Perishability

A characteristic of services indicating that they cannot be stored for future use and their value vanishes if not consumed within a particular period.