ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Occurs when actual spending is greater than budgeted spending.
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deficit
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surplus
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Favourable or positive budget variance occurs when: Actual revenue is higher than the budgeted revenue.
Detailed explanation-2: -Deficit. a financial situation in which actual spending is greater than planned spending.
There is 1 question to complete.