Which of the Following Statements Is(are)true

question 33

Multiple Choice

Which of the following statements is(are) true?
(A) The market share variance is more controllable by the marketing department than the industry volume variance.
(B) The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.

• A) Only A is true.
• B) Only B is true.
• C) Both A and B are true.
• D) Neither A nor B is true.

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Definitions:

Net Credit Sales

The total revenue from sales made on credit minus any returns or allowances.

Promissory Note

A fiscal device comprising a binding commitment from one party to another to remit a precise sum of money, which can be demanded anytime or on a predetermined date.

Merchandise

Goods that are bought and sold in business.

Sales Transaction

An exchange in which goods, services, or assets are sold and transferred from a seller to a buyer.