Tom Grantham,a U

question 49

Multiple Choice

Tom Grantham,a U.S.citizen,decided to outsource the preparation of his personal income taxes to a company in India.After he emailed his earnings and scanned receipts,his tax return was completed in 2 days at a cost of $50 - about one-third of what a U.S.firm like H&R Block charges.However,he had to file his return as "self-prepared," since it was not prepared by a U.S.accountant.Using a foreign service provider may require customers to reset their:

• A) Attitudes
• B) Judgments
• C) Expectations
• D) Perceptions
• E) Performances

---

Definitions:

Spending Variance

The difference between the actual amount spent on something and the amount that was planned to be spent, often used in budgeting and financial analysis.

Medical Supplies

Items and equipment used in medical care, including instruments, dressings, and other medical-related materials.

Budgeting

The method of developing a strategy for managing your finances, detailing your future economic objectives and plans for reaching them.

Revenue Variance

The difference between actual revenue earned and the budgeted or expected revenue.