If Actual Results Are Different from Planned Results the Difference

question 170

True/False

If actual results are different from planned results the difference must always be investigated by management to achieve effective budgetary control.

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Definitions:

Number of Years

A quantification of time in years, often used to measure durations such as age, experience, or timelines.

Potential Sales

The possible revenue that could be generated from selling products or services to interested customers.

Present Sales

The current number or volume of goods or services sold by a business.

Mission Statement

A formal summary of the aims and values of a company or organization, expressing its purpose and guiding principles.