The Term Used to Refer to Persistent Variances (I

question 87

Multiple Choice

The term used to refer to persistent variances (i.e., those that are likely to recur until corrected) is

• A) Systematic variance.
• B) Random variance.
• C) Standard cost variance.
• D) Non-controllable variance.
• E) Flexible-budget variance.

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Definitions:

Housing Vouchers

A form of government housing assistance that provides financial aid to help low-income families pay for rent in the private market.

Consumption

The use of goods and services by households, one of the primary components of economic activity and growth.

Inheriting

Inheriting involves receiving assets, property, or other legal rights from someone who has passed away, as stipulated by a will or prevailing laws of succession.

Millionaire

An individual whose net worth or wealth is equal to or exceeds one million units of currency.