If an Income Account Has a Favorable Variance,then Actual Family

question 58

True/False

If an income account has a favorable variance,then actual family income is less than budgeted family income.

---

Definitions:

Affirmative Action

A policy or measure taken to increase the representation of minorities and women in areas of education, employment, and business from which they have been historically excluded.

Admission Policies

Guidelines and criteria set by educational institutions or organizations for selecting individuals for entry or participation.

Familism

A cultural value that emphasizes the importance of family ties, loyalty, and the well-being of the family above individual needs.

Social Capital

The networks, connections, and relationships among people that can be economically valuable and foster societal cooperation and functioning.