The Difference Between Static Budget Revenue and Flexible Budget Revenue

question 28

Multiple Choice

The difference between static budget revenue and flexible budget revenue is referred to as the

• A)flexible budget variance.
• B)static budget variance.
• C)sales price variance.
• D)sales volume variance.

---

Definitions:

Gifted

Having exceptional talent or natural ability in one or more areas of intelligence.

IQ

Intelligence quotient, a measure of a person's intellectual abilities in relation to the average performance of others in their age group.

Sternberg's Triarchic Theory

A theory of intelligence proposing that human intelligence comprises three aspects: analytical, creative, and practical.

Creative Intelligence

Involves the ability to deal with new and different concepts and to come up with innovative solutions to problems.