The Difference Between Actual Results and Budgeted Results Is Referred

question 54

Multiple Choice

The difference between actual results and budgeted results is referred to as

• A)a variance.
• B)management by exception.
• C)a flexible budget.
• D)a flexible outcome.

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Definitions:

Exercise Discretion

The ability or power to decide or act according to one's own judgment; often in professional situations requiring sensitivity or confidentiality.

Collateral Contacts

Additional people or entities involved in a client's life or case, contacted to gather more comprehensive information.

Family Members

Individuals connected by blood, marriage, or adoption who typically share a living space and life experiences.

Anonymously

Acting or done without revealing one's identity, often to maintain privacy or avoid recognition.