The difference between a budget and a standard is that:.
A. Standards refer to a company's projected revenues, costs, or expenses
B. Standard expresses what costs should be while budget expresses what costs are
C. A budget expresses a total amount, while a standard expresses a unit amount
D. Standards are used in cost accounting system, whereas budgets are not

The correct answer is letter "C": A budget expresses a total amount, while a standard expresses a unit amount .

Explanation:

Budgets are estimations of the expenses an organization may incur as a result of developing projects or its regular operations. Budgets are projected at the beginning of the operations of the entity to forecasts its expenditures throughout a given period. Budgets aim to provide an idea of the total amount that could be spent during that time.

Standards are guidelines set by institutions including the minimum quantities that should be achieved over different operations including production and quality. Standards are established in units so the performance of an organization can be measured based on them.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.