A Revenue Variance Is Favorable If the Revenue in the Static

question 199

True/False

A revenue variance is favorable if the revenue in the static planning budget exceeds the revenue in the flexible budget.

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Definitions:

Composition

The way in which something is made up or formed, including the structure or arrangement of its parts.

Cohesiveness

The degree to which members of a group are attracted to and motivated to stay part of that group.

Entitativity

The degree to which a group is perceived as being a coherent, distinct, and unified entity.

Permeability

The quality of a boundary or barrier to allow substances or influences to pass through it.