Question

question 14 (1 point)
a core annual budgeting practice that compares plan to actuals is:
variance analysis.
random sampling.
brainstorming only.
shadow accounting.

Explanation:

• 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.