A Process of Examining the Differences Between Actual and Budgeted

question 63

Multiple Choice

A process of examining the differences between actual and budgeted costs and describing them in terms of the amounts that resulted from price and quantity differences is called:

• A) Cost analysis.
• B) Flexible budgeting.
• C) Variable analysis.
• D) Cost variable analysis.
• E) Variance analysis.

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Definitions:

Code Of Ethics

A set of principles and guidelines designed to help professionals conduct their business with integrity and honesty.

Project Management Institute

An international professional organization for project management professionals, offering certifications, resources, and advocacy.

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A hierarchical description of a project into more and more detailed components.