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What are the essential differences between a standard and a budget? a. A standard is total amount and a budget is a unit amount. b.

What are the essential differences between a standard and a budget?

a. A standard is total amount and a budget is a unit amount.

b. A standard and a budget are essentially the same.

c. A standard is a unit amount and a budget is a total amount.

d. Both b) and c).

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