Which situation might involve a "discrepancy"?

Prepare for the GRE Basic Exam. Enhance your vocabulary with flashcards and challenging multiple-choice questions. Each query comes with hints and explanations. Elevate your lexicon and ace the exam!

A "discrepancy" refers to a lack of compatibility or similarity between two or more facts, figures, or representations. In the context of financial reports, a discrepancy often arises when there are differing numbers or inconsistencies that suggest that not all information aligns as expected. Such differences can indicate errors, misunderstandings, or differing interpretations, which is critical in financial contexts where accuracy is paramount.

In situations where two people agree on an issue, acknowledge mistakes, or reach a unanimous decision, there is typically alignment rather than a difference in perspectives or facts. Therefore, these scenarios do not illustrate the concept of a discrepancy, which is defined by difference and inconsistency rather than agreement or acknowledgment.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy