Match the Following Terms with the Items Below

question 81

Multiple Choice

Match the following terms with the items below:
-Performance report

• A)Difference between the actual amount and the flexible budget amount
• B)A budget that specifies costs for a range of activity
• C)A budget for a particular level of activity
• D)A report that compares actual with planned costs
• E)​Actual variable overhead − (SVOR × Actual hours)

---

Definitions:

Self-Sufficient

refers to the ability of an individual, community, or country to provide for all their needs independently, without external assistance.

Trading Partner

A country, organization, or entity with which a business or country conducts trade, sharing a mutual economic exchange.

Trade Price

The price at which goods or services are traded between parties, often wholesale prices between manufacturers and retailers.

Political Economy

An interdisciplinary branch that studies the relationship between individuals, societies, and governments, focusing on how economic theories affect policies and social issues.