Which Term Below Is Best Paired with "A Summarized Budget

question 117

Multiple Choice

Which term below is best paired with "a summarized budget that can easily be computed for several volume levels"?

• A)Flexible budget
• B)Sales volume variance
• C)Benchmarking
• D)Overhead flexible budget variance

---

Definitions:

Nominal Data

Data that is categorized based on names or labels without a specific order.

Relative Frequencies

The ratio of the frequency of a particular event to the total number of occurrences or samples.

Frequency Chart

A visual representation of data that shows the frequency or number of occurrences of each possible value of a variable.

Nearest Minute

A measure of time rounded to the closest minute, often used in timing or scheduling contexts.