A deviation from a financial plan is called a(n):
A) departure.
B) allocation.
C) variance.
D) uncontrollable cost.

Question

Quizplus · Accepted Answer

A deviation from a financial plan is commonly referred to as a variance. This is a term used in accounting and financial analysis to describe the difference between the planned or expected outcome and the actual outcome. Variance can be either favorable (where the actual results are better than expected) or unfavorable (where the actual results are worse than expected).

A Deviation from a Financial Plan Is Called A(n)