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Anne was 2 years old when her mother died.Since that time,her Aunt Jane has frequently told her about how Anne and her mother would pick strawberries.Because of this repeated interaction,Anne believes that she "remembers" these trips with her mother when in fact these memories are the result of the discussions.What type of memory distortion has occurred in this example?
Spending Variances
Differences between the budgeted or standard cost amounts and the actual costs incurred.
Favorable
A term used in financial analysis to describe a situation, condition, or variance that leads to a positive outcome or better-than-expected results.
Unfavorable
A term often used to describe a variance or result that negatively impacts a business or its financial performance.
Revenue Variance
The difference between actual revenue and budgeted or forecasted revenue, often analyzed to understand the performance of a business.
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