Examlex
According to our textbook, intelligence is defined as:
Spending Variances
Differences between the budgeted or standard cost amounts and the actual costs incurred.
Favorable
A term used in financial analysis to describe a situation, condition, or variance that leads to a positive outcome or better-than-expected results.
Unfavorable
A term often used to describe a variance or result that negatively impacts a business or its financial performance.
Revenue Variance
The difference between actual revenue and budgeted or forecasted revenue, often analyzed to understand the performance of a business.
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