The term that describes differences between actual and budgeted results is:
A)divergence.
B)discrepancy.
C)mistake.
D)variance.

Question

Quizplus · Accepted Answer

Variance is the term that describes differences between actual and budgeted results. Divergence and discrepancy are similar in meaning to variance, but variance is the most commonly used term in the context of budgeting and financial analysis. Mistake, on the other hand, refers to an error or oversight that results in incorrect data or calculations.

The Term That Describes Differences Between Actual and Budgeted Results