What Is a Budget Variance

question 18

Multiple Choice

What is a budget variance?

• A)When your budgeted spending equals your actual spending for the month
• B)Expenses that vary from month to month,like groceries,dining out,and entertainment
• C)The difference between a planned expenditure and the actual amount spent
• D)The difference between how much you spend on fixed expenses and variable expenses

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Definitions:

Dividend Payment

A financial distribution by a corporation to its shareholders, typically from the company's earnings.

Personal Taxes

Taxes levied on individuals or households by the government based on income, wealth, or consumption.

Retail Investors

Individual investors who buy and sell securities for their personal account, and not for another organization or company.