Current Trends in Sociological Theories Which Explain Social Change Generally

question 25

Multiple Choice

Current trends in sociological theories which explain social change generally focus on material factors and/or

• A)ideas.
• B)political decisions.
• C)powerful people.
• D)All of the answers are correct.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate forecasting and analysis.

Static Budget

A fixed budget that remains unchanged over a period, regardless of variations in actual sales volume, production levels, or other operating factors.

Variable Budget

Variable Budget is a budget that adjusts based on changes in the volume of activity, allowing expenses to vary in direct proportion to changes in operational levels.

Favorable Variances

Differences between actual and budgeted or standard costs that result in better-than-expected financial performance.