The Difference Between the Actual Revenues and Expenses and the Master

question 135

Multiple Choice

The difference between the actual revenues and expenses and the master budget is known as a

• A)capital budget variance.
• B)flexible budget variance.
• C)static budget variance.
• D)master budget variance.

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Definitions:

Lost

A state or condition in which something is unable to be found or has gone missing.

Discarded

Thrown away or disposed of as no longer useful or required after consideration.

Abandoned Property

Property that has been discarded by the owner, who has no intention to retain title or possession.

Eminent Domain

The right of a government to expropriate private property for public use, with compensation.