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In Budgeting, It Is Useful to Compare ________ with the Budgeted

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In budgeting, it is useful to compare ________ with the budgeted amounts to determine the accuracy or error of the budget and adjust it as necessary.


Definitions:

Vertical Axis

The y-axis on a graph that is typically used to display the variable being measured or manipulated.

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or the base measure for comparison.

Pie Chart

A pie chart is a circular statistical graphic divided into slices to illustrate numerical proportion. Each slice represents a category's contribution to the whole.

Observations

Individual instances or data points collected during a study or experiment.

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