Differences Between Actual Results and the Static Budget at the Original

question 133

Multiple Choice

Differences between actual results and the static budget at the original planned level of output are ________ variances.

• A) flexible budget
• B) financial budget
• C) operating budget
• D) static budget

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Definitions:

Government

The organized system or group of people that exercises authority and performs functions for a country, state, or community.

For-Profit Organization

A type of business entity that operates with the primary goal of earning financial profits for its owners or shareholders.

Nonprofit Organization

Entities that operate for purposes other than making profit, often focusing on philanthropic, educational, scientific, or religious goals.

Economic Activities

Activities related to the making, distribution, and use of products and services throughout various levels of a community.