In budgeting, variance is:
a. A measure of the degree of dispersion of a distribution about its mean value
b. The difference between a realized value and a budgeted, or standard value
c. The percentage decrease in volume that can occur without causing the organization to lose money
d. The difference between operating profit and total profit
e. The difference between total revenues and total costs
Ans: b. The difference between a realized value and a budgeted, or standard value
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The global dispersal of productive activities is ___________________
Fill in the blank(s) with the appropriate word(s).
The Komatsu/Caterpillar saga illustrates the fact that global competitive battles can be shaped by factors other than the pursuit of generic strategies. Explain this statement giving examples and impact on competitive strategies
What will be an ideal response?