A Difference Between the Static Budget Based on Planned Volume

question 33

Multiple Choice

A difference between the static budget based on planned volume and a flexible budget prepared at actual volume is called a

• A) flexible budget variance.
• B) volume variance.
• C) production activity variance.
• D) static budget variance.

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Definitions:

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An approach or system where individuals in positions of authority restrict the freedom and responsibilities of those subordinate to them, purportedly in the latter's best interest.

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The impact that one culture or society has on another, often leading to changes or developments in language, customs, values, and art.

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The historical timeline and events that define the continent of Africa, including its cultures, civilizations, and peoples.

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A term referring to the time in American history before the Civil War, particularly emphasizing the cultural and economic aspects of the southern states.