Variances Are the Difference Between Actual Results and Budgeted Results

question 74

True/False

Variances are the difference between actual results and budgeted results.

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Definitions:

Second Continental Congress

A convention of delegates from the Thirteen Colonies that managed the colonial war effort during the American Revolution and adopted the Declaration of Independence.

Declaration Of Independence

A document adopted on July 4, 1776, by the Second Continental Congress, declaring the thirteen American colonies independent from British rule.

Treason

The act of betraying one's country, typically by attempting to overthrow the government or collaborating with enemy forces during times of war.

Articles Of Confederation

The first written constitution of the United States, ratified in 1781, which outlined a national government with limited powers and was later replaced by the U.S. Constitution in 1789.