Home CIPS Ethical Procurement and Supply CIPS.L3M2.v2024-08-02.q37 Question 17
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The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.
Correct Answer: D
As less has been spent than budgeted, the variance is favourable.
Question List (37q)
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