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All of the Following Are Potential Outcomes Regarding the Misuse

question 81

Multiple Choice

All of the following are potential outcomes regarding the misuse of discretion EXCEPT for ______.


Definitions:

Budgeting

A process of creating a plan to spend your money, outlining projected income and expenses over a period.

Spending Variances

The difference between the actual amount spent and the budgeted amount for a particular accounting category.

Favorable

A term used in finance and accounting indicating that actual performance is better than the expected or budgeted performance.

Unfavorable

A term used in budgeting and accounting to describe a financial condition or variance that is worse than expected or budgeted.

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