Examlex
Use the rule for order of operations to simplify the expression as much as possible.
Favorable Difference
A financial term indicating that actual revenues are higher than planned revenues or actual expenses are lower than planned expenses.
Unfavorable Difference
A situation where actual costs exceed the standard or expected costs, often referred to in budgeting and variance analysis.
Planned Results
The expected outcomes or objectives set by a business or project before it starts, often used for budgeting and performance evaluation.
Differences
Variances or disparities between entities, items, or processes that are being compared or evaluated.
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