Business terms and jargon explained. Your business dictionary

What is Variance

This is the difference between the budgeted cost and the actual cost. All business has budgets and these budgets are based on standard costs. If there is a difference, it is either a positive variance or a negative variance.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Creditors Cookie The Bar Quaere
Horizontal integration Account payee Colon - El Salv Monopoly
IMHO Budget account Tax Shift National Insurance (NI)
Warehouse Inventory Bespoke Alternate bid
Advantages of Revenue Voting right Group Incentive Age Relief
N322A Civil Court form Giffen goods Opportunity Costs Refer to drawer
Tied loan Hedge Marketing Mix Appraisal
EMEAI Executrix Base Rate Scalability
Vexatious Litigant Adjournment SaaS BitPay
Ouguiya Bonded Warehouse N6 Civil Court form Darknet

Term created / updated 2005-07-16 23:12:15

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.