In Terms of Privacy,which of the Following Is a Best

question 27

Multiple Choice

In terms of privacy,which of the following is a best practice?

• A) Saving your personal information as an email draft
• B) Keeping your Social Security number hidden in a locked box in your home
• C) Posting your location on social media
• D) Throwing away old bank statements that are more than three months old

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Definitions:

Administrative Expenses

Expenses that are not directly related to the production of goods or services, including salaries of administrative staff, rent, and utilities.

Activity Variance

The difference between budgeted and actual activity levels, used in managerial accounting to monitor performance and control costs.

Net Operating Income

The income generated from normal business operations after subtracting operating expenses but before interest and taxes.

Spending Variance

The discrepancy between the budgeted or planned amount of expense and the actual amount spent, often analyzed to understand financial performance.