__ Is difference between the actual results and the budgeted amounts. a. Risk b. Retum c. Variance d. Operating income a) a b)b C ) C d)d

The correct answer is c) Variance.Variance refers to the difference between the actual results and the budgeted amounts. It is a measure used in budgeting and financial analysis to evaluate the performance of a business or organization. Variance helps in identifying areas where actual performance deviates from the planned or budgeted figures, allowing for corrective actions to be taken.Option a) Risk is not the correct answer. Risk refers to the potential for an event to occur that may have negative consequences. It is not specifically related to the difference between actual results and budgeted amounts.Option b) Return is not the correct answer. Return refers to the gain or loss generated by an investment or business activity. It is not directly related to the difference between actual results and budgeted amounts.Option d) Operating income is not the correct answer. Operating income refers to the profit generated from the core operations of a business. It is not specifically related to the difference between actual results and budgeted amounts.