If Actual Costs Are Much Higher Than Budgeted,the Variances Indicate

question 231

Multiple Choice

If actual costs are much higher than budgeted,the variances indicate that _________ action is needed.

• A)immediate
• B)management
• C)long-term
• D)corrective

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Definitions:

Collective Unconscious

A concept in Jungian psychology referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Internal Sense

The intuitive or inherent perception or feeling one has of their own emotions and body functions.

Personality

The mix of traits or attributes that create a person's unique personality.

Hierarchy of Needs

A theory proposed by Abraham Maslow outlining a sequence of human needs from basic physiological requirements to self-actualization.