A Budgetary Comparison Schedule Presented as Required Supplementary Information for the General

question 22

Multiple Choice

A budgetary comparison schedule presented as required supplementary information for the general fund should report variances for the difference between:
I.Original budget amounts and final budget amounts.
II.Final budget amounts and actual amounts.

• A)I only
• B)II only
• C)Both I and II
• D)Neither I nor II

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Definitions:

General Systems Theory

An interdisciplinary theory about the nature of complex systems in nature, society, and science, emphasizing that systems can have commonalities.

Solar System

The collection of celestial bodies, including the sun, planets, moons, asteroids, comets, and meteoroids, that orbit around the sun due to its gravitational pull.

Chester Barnard

An American business executive and scholar, known for his contributions to management theory, particularly the concept of the informal organization.

Systems Model

is a representation of a complex system or process, outlining its components, relationships, and dynamics.