All of the Following Criteria Serve as a Valid Basis

question 13

Multiple Choice

All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT:

• A) social need
• B) environmental considerations
• C) technological advances
• D) internal politics

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Definitions:

Spending Variance

The difference between the budgeted or planned amount of cost and the actual amount incurred.

Total Expenses

The cumulative amount of all costs and expenses incurred by a business during a specified reporting period.

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for a particular cost category or department.

Planning Budget

A planning budget is used for guiding a company's spending and operational goals before the start of a financial period.