The Difference Between a Standard and a Budget Is That

question 105

Multiple Choice

The difference between a standard and a budget is that ________.

• A) a budget generally indicates a total amount while a standard indicates a per unit amount
• B) a standard acts as an overall guide for operating the business on a planned course of action
• C) a budget generally indicates a per unit amount while a standard indicates a total amount
• D) a standard projects future costs while a budget examines past costs

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Definitions:

Wild Guesses

Attempts to answer or predict something without any basis, knowledge, or method.

Cerebral Cortex

The cerebral cortex is the outer layer of the cerebrum in the brain, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Hippocampus

A crucial component of the brain located in the temporal lobe, playing a significant role in memory formation and spatial navigation.