The Difference Between a Budget and a Standard Is That

question 210

Multiple Choice

The difference between a budget and a standard is that

• A) a budget expresses what costs were while a standard expresses what costs should be.
• B) a budget expresses management's plans while a standard reflects what actually happened.
• C) a budget expresses a total amount while a standard expresses a unit amount.
• D) standards are excluded from the cost accounting system whereas budgets are generally incorporated into the cost accounting system.

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Definitions:

Immune System Responses

The reactions of the body's immune system to foreign substances or pathogens to protect the body from disease and infections.

Stable Groups

Stable groups refer to a set of individuals or elements that maintain a consistent structure or composition over time, exhibiting minimal changes in membership or organization.

New Roommates

Individuals who begin living together in the same housing unit, often for the purpose of sharing rent and other living expenses.

Blood Cholesterol Levels

A measure of the total amount of cholesterol in the blood, including low-density lipoprotein (LDL) and high-density lipoprotein (HDL), important indicators of heart health.