During the Q & a Session, a Member of the Audience

question 28

Multiple Choice

During the Q & A session, a member of the audience asked Randy a question. Instead of replying immediately, he repeated the question thrice while walking from one side of the stage to the other. What was Randy's intention?

• A) Repeating questions from the audience buys time when hit with a surprise question.
• B) Repeating questions from the audience prevents the desire to argue and defend oneself.
• C) Repeating questions from the audience makes it easier to answer a difficult question.
• D) Repeating questions from the audience indicates that the answer requires additional information.

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Definitions:

Activity Variances

The difference between the budgeted costs based on standard activity levels and the actual costs incurred, related to specific business activities.

Activity Variances

Differences between the expected levels of activity used for costing purposes and the actual levels of activity observed, which can impact on cost calculations.

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period, including operational and non-operational costs.

Flexible Budget

A budget that adjusts to changes in the volume of activity, providing a more accurate basis for performance evaluation.