Match the Definitions with the Appropriate Terms

question 183

Multiple Choice

Match the definitions with the appropriate terms.
-The understanding that the physical properties of objects can remain the same even when their form or appearance changes.

• A)induction
• B)power assertion
• C)object permanence
• D)contact comfort
• E)conservation

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Definitions:

Revenue Variance

The difference between actual revenue earned and the budgeted or forecasted revenue.

Actual Revenue

The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.

Static Planning Budget

A budget based on a set level of activity, unchanged over the budget period and not adjusted for actual activity levels.

Spending Variance

The difference between the actual amount of an expense and the budgeted or planned amount.