please help! timed test

OURCES 22-24 Practice Question 02 What is the difference between a budget and a standard? O A budget is a total amount, while a standard expresses only a unit amount. A budget is the cost of an item at a static activity level, while a standard is based on a flexible activity level. There is no difference. They are the same. A budget is the amount planned, while a standard reflects the actual results. SURCES 22-24 Practice Question 03 What is a standard cost? The actual cost incurred to produce a good or service. The amount management thinks that should be incurred to produce a good or service. O The total number of units to be produced times the unit cost expected for production. The total amount that appears on the flexible budget as the cost of producing products. 2-24 Practice Question 15 A flexible budget projects budget data for one level of activity. O True O False Practice Question 17 Management by exception means that top management will investigate every budget difference. O True False True False Question 02 If actual results are different from planned results, the difference must always be investigated by management to achieve effective budgetary control True O False