A Variance Is Considered to Be

question 53

Multiple Choice

A variance is considered to be

• A)the gap between an actual result and a benchmark amount.
• B)the required number of inputs for one standard output.
• C)the difference between an actual result and a budget amount.
• D)the difference between a budgeted amount and a standard amount.
• E)a standard.

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Definitions:

Dominant Values

Prevailing principles or standards considered most important and widely adhered to within a society or group.

Cultural Mores

The accepted traditional customs, moral attitudes, and manners of a society or social group.

Politically Rebellious

Characteristic of individuals or groups that challenge or resist established political authorities and norms, often seeking significant changes or reforms.

Commerce

The activity of buying and selling, especially on a large scale, encompassing trade and business transactions.