The ________ Is the Difference in Dollars Between Amounts in the Static

question 43

Multiple Choice

The ________ is the difference in dollars between amounts in the static budget and the flexible budget.

• A)flexible budget variance
• B)static budget variance
• C)sales volume variance
• D)actual variance

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Definitions:

Nominal Data

Data categorized into discrete groups or categories that cannot be ordered or ranked with respect to one another.

Ordinal Data

Ordinal data is a type of categorical data with a set order or scale to the possible values, but without a consistent difference between each value.

Quantitative Data

This refers to numerical data that can be measured and quantified, representing quantities, amounts, or levels.

Ordinal Data

Data that can be categorized and ranked; however, the intervals between the categories are not necessarily equal.