A Typical Reason for a Budget Variance Is

question 7

Multiple Choice

A typical reason for a budget variance is:

• A) an increase in contract labor.
• B) a lack of funds for a budgeted expense.
• C) a decrease in payroll.
• D) All of these are correct.

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Definitions:

Net Asset Value

The value per share of a fund, calculated by dividing the total value of the fund's assets minus its liabilities by the number of shares outstanding.

Year-End Assets

These are the total value of all assets that a company or individual owns at the end of the fiscal year.

Liabilities

Financial obligations or debts owed by a business to creditors, which must be paid back at some point in the future.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in context with mutual funds and represents the per-share/unit price of the fund.