A Favorable Variance Results When Actual Costs Exceed Budgeted Costs

question 34

True/False

A favorable variance results when actual costs exceed budgeted costs.

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Definitions:

Sociodramatic Play

Pretend play in which children act out various roles and themes in plots or roles that they create.

Theory Of Mind

A person’s theory of what other people might be thinking. In order to have a theory of mind, children must realize that other people are not necessarily thinking the same thoughts that they themselves are. That realization seldom occurs before age 4.

Gross Motor Skills

Physical abilities involving large body movements, such as walking and jumping. (The word gross here means “big.”)

Sociodramatic Play

A form of play where children enact real-life roles or fictional scenarios, fostering social and cognitive development.