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  • Occurs when actual spending is less than budgeted spending
Multiple choice

Occurs when actual spending is less than budgeted spending

  1. Break even

  2. Deficit

  3. Surplus

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A surplus occurs when income or actual spending is less than the amount allocated in a budget, leaving extra funds. A deficit is the opposite, where spending exceeds the budget.

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