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An investigation of the effectiveness of a training program to improve customer relationships
Included a pre-training and post-training customer survey. To compare the differences, they
Computed (post-training survey score - pre-training survey score) . Seven customers were randomly
Selected and completed both surveys. The results follow:
This analysis is an example of _____________.
Spending Variance
The difference between the budgeted amount allocated for an expense and the actual amount spent.
Budgeting
The process of creating a plan to spend your money, outlining where income is earned and how expenses are allocated.
Planning Budget
A financial plan that outlines projected income and expenses over a future period, used to guide a business's strategic planning.
Revenue Variance
This is the difference between actual revenue earned and the expected or budgeted revenue.
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