If a Budget Was Accurate, and the Foodservice Operator Is

question 9

True/False

If a budget was accurate, and the foodservice operator is within reasonable limits of the budget he or she is said to be "in line" with the budget.

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Definitions:

Sample Size

The number of individuals or observations included in a study, which can significantly affect the reliability and validity of the study's outcomes.

Costs

The expenses associated with a project, program, or intervention, including direct, indirect, fixed, and variable costs.

Precision Required

A necessity for accuracy and specificity in data, measurements, or outcomes.

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, indicating the range of accuracy.