The Term That Describes Differences Between Actual and Budgeted Results

question 21

Multiple Choice

The term that describes differences between actual and budgeted results is:

• A)divergence.
• B)discrepancy.
• C)mistake.
• D)variance.

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Definitions:

Worldly Affairs

Matters concerning the temporal world as opposed to spiritual or religious matters; often related to international relations or global issues.

Capitalism

An economic system characterized by private or corporate ownership of goods and services, and where investments, production, and distribution of goods are determined by competition in a largely unregulated marketplace.

Conflict Theory

A sociological perspective that views social life as a competition, with social order maintained by domination and power, rather than consensus.

Contemporary Event

An occurrence, issue, or trend that is happening in the present or recently took place.