If a Company Spent Less Than Predicted or Spent an Amount

question 47

Multiple Choice

If a company spent less than predicted or spent an amount smaller 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:

Bar Width

In the context of a bar chart or histogram, it refers to the thickness or size of each bar, which can affect the chart's readability and interpretation.

Quantitative Data

Numerical information that represents quantities or amounts, allowing for measurement and statistical analysis.

Graphical Presentation

A visual representation of data or information, such as charts, graphs, or maps, designed to communicate complex ideas clearly and effectively.

Quantitative Data

Data that can be quantified and are typically expressed as numerical values, which can be used for statistical analysis.