The Difference Between Static Budget Amounts and Flexible Budget Amounts

question 45

Multiple Choice

The difference between static budget amounts and flexible budget amounts are ________.The difference between flexible budget amounts and actual results are ________.

• A)static variances; flexible budget variances
• B)master variances; flexible budget variances
• C)quantity variances; static budget variances
• D)activity level variances; flexible budget variances

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Definitions:

Undue Influence

Undue Influence occurs when one party uses its position of power over another to induce the latter into making a legal agreement that they would not have made under normal circumstances.

Descent and Distribution

Refers to the legal process through which property is transferred from a deceased person to their heirs or beneficiaries.

Intestate

Dying without a legal will, leaving one's estate to be divided according to state laws.

Intestate

The condition of dying without a valid will, resulting in an individual's assets being distributed according to state laws.