Variances Are Labeled as

question 117

Multiple Choice

Variances are labeled as

• A)avoidable or unavoidable.
• B)favorable or unfavorable.
• C)spending or efficiency.
• D)committed or discretionary.

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Definitions:

EIN

Employer Identification Number, a unique nine-digit number assigned by the IRS to businesses for the purposes of identification and tax reporting.

IRS

The Internal Revenue Service, a U.S. government agency responsible for tax collection and enforcement of tax laws.

Tax Returns

Official documents submitted to tax authorities declaring income, expenses, and pertinent information to calculate tax liability.

International Trade Union Confederation

An international organization aimed at promoting the interests of workers globally through international cooperation and advocacy.