Firms That Collect Information,store It on a Common Database,and Make

question 74

Multiple Choice

Firms that collect information,store it on a common database,and make it available to multiple subscribers are called:

• A)internal subscription services.
• B)syndicated data service firms.
• C)packaged services firms.
• D)internal supplier firms.
• E)customized research firms.

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Definitions:

Unfavorable Variance

A situation where actual costs exceed the standard or budgeted costs, often indicating inefficiencies or increased expenses.

Favorable Variance

A financial term indicating that actual costs were lower or revenues were higher than planned.

Budgeted Amount

The projected costs or revenues allocated to a specific activity or period, based on estimates.

Budget Ratcheting

The practice of setting future budget allocations based on the current period’s expenditures, discouraging under-spending in fear of budget cuts.