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Tallon & Associates is a consulting firm specializing in business location studies.The results for last year,along with the budget,are as follows:
Required:
(Be sure to indicate whether the variance is favorable or unfavorable. )
a.Prepare a flexible budget using billable hours as the measure of output.b.Prepare a sales activity variance analysis.c.Compute the sales price variance.
Objectivity
The practice of maintaining impartiality and neutrality, avoiding bias and subjective influences in research, reporting, and analysis.
Bias
Prejudice in favor of or against one thing, person, or group compared with another, often in a way considered to be unfair.
Inductive Reasoning
A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.
Deductive Reasoning
A logical process where a conclusion follows necessarily from the stated premises, moving from the general to the specific.
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