If a Company Spent More Than Predicted or Spent an Amount

question 32

Multiple Choice

If a company spent more than predicted or spent an amount larger than was budgeted, then it incurred a(an) :

• A) positive variance.
• B) negative variance.
• C) equal variance.
• D) fixed variance.

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Definitions:

Tautology

A redundant or unnecessary statement in which the conclusion is inherent in the premise, offering no new information.

Bi-conditional

A logical condition where two statements are both necessary and sufficient for one another; if and only if (iff).

Tautology

A redundant or repetitive statement in which the conclusion is equivalent to the premise, offering no additional insight.

Logic of Statements

The study of principles and criteria for evaluating deductive arguments and the structural relationships between statements.