What are budget variances
Problem: What are budget variances? What factors or events contribute to variances? What is the relationship between the sensitivity analysis in preparing the budget and variance analysis in managing the budget?
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Managers face moral dilemmas and may have to justify their actions in writing. What are your values? What do you value? Where did they come from?
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Problem: What are budget variances? What factors or events contribute to variances?
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Which specific ideas or arguments from the authors we have read have taught you this lesson? Exactly why do you consider this lesson an important one?
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