The Difference Between Actual Results and Budgeted,or Expected,results Is Referred

question 80

Multiple Choice

The difference between actual results and budgeted,or expected,results is referred to as

• A)a variance.
• B)a production flaw.
• C)an unfavorable outcome.
• D)a favorable outcome.

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Definitions:

Schedule

A plan for carrying out a process or procedure, listing the times at which specific events are intended to occur.

Articulating

The act of clearly expressing an idea, thought, or feeling through speech or writing.

Slack

The amount of leeway or extra capacity available within a system, which can accommodate delays or unforeseen issues without impacting the outcome.

Anticipating Contingencies

The process of preparing for potential future events or situations, especially unexpected ones, in planning or decision-making.