What Exists When Budgeted Costs Exceed Actual Results

question 80

Multiple Choice

What exists when budgeted costs exceed actual results?

• A)a budgeting error
• B)a favourable difference
• C)an unfavourable difference
• D)an excess profit

---

Definitions:

Balanced Diet

A diet that contains the proper proportions of carbohydrates, fats, proteins, vitamins, minerals, and water necessary to maintain good health and energy levels.

Hypothetical Propositions

Statements or propositions that are based on assumptions or hypothesis rather than on concrete evidence.

Formal Operations

A stage in Jean Piaget's theory of cognitive development where individuals gain the ability to think abstractly, logically, and systematically, typically beginning in adolescence.

Ability

The possession of the means or skill to do something or perform a task effectively.