question 14 (1 point)\na core annual budgeting practice that compares plan to actuals is:\nvariance…

question 14 (1 point)\na core annual budgeting practice that compares plan to actuals is:\nvariance analysis.\nrandom sampling.\nbrainstorming only.\nshadow accounting.

question 14 (1 point)\na core annual budgeting practice that compares plan to actuals is:\nvariance analysis.\nrandom sampling.\nbrainstorming only.\nshadow accounting.

Answer

Brief Explanations:

  • Variance analysis is a key budgeting practice. It calculates the difference (variance) between planned (budgeted) amounts and actual amounts. This helps in identifying areas of over - performance or under - performance.
  • Random sampling is a statistical method for selecting a subset of data from a larger population and is not related to comparing budget plans to actuals.
  • Brainstorming is a creative idea - generation process, not a budgeting comparison tool.
  • Shadow accounting is a non - standard or unofficial accounting practice and not relevant to comparing budget plans and actuals.

Answer:

Variance analysis.