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When positioning the bad news,what is one way to soften the impact?
Unfavorable Variances
Occurrences when actual costs exceed budgeted or expected costs, indicating a potential need for management action to address inefficiencies.
Favorable Variances
Differences between actual and budgeted amounts that result in more profit or less cost than originally planned.
Income
Money received, especially on a regular basis, for work, through investments, or from business activities.
Management Of Variance Analysis
The process of investigating the differences between actual financial results and budgeted or expected results, with the aim of understanding the reasons behind these variances to manage and improve financial performance.
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