A summary is a short document that includes only the most important or notable information. A report is, or can be, a large document that includes all relevant information about the topic. Reports often include summaries at the beginning to highlight the most important data.
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A summary report tells you, in brief form, what happened, usually without details. An exception report tells you, often with details, anything UNUSUAL (or undesired) that happened.
A bound report is one where it is put togeter in a binder, an unbound report just has a paperclip or a staple at the left top side.. Bound= bound to the binder ;)
In a range
An inventory variance report shows the difference between previous recorded inventory quantity and correct inventory quantity which is discovered immediately after a physical count. It also reports on the value difference the quantity variances caused.
What is the difference between statistics and parameter