As a Business Grows, It Needs to ________

question 42

Multiple Choice

As a business grows, it needs to ________.

• A) use spreadsheets to manage its operations
• B) use a database management system that can collect and store data from multiple sources
• C) use departmental databases
• D) use a combination of a central database and departmental databases

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Definitions:

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, often analyzed in budgeting and cost control.

Units

The measures or quantities of a product, service, or resource, which are accounted for in business transactions.

Activity Variance

The difference between the actual cost incurred for an activity and the expected cost, based on the budgeted or standard amount.

Direct Labor

The wages paid to workers who are directly involved in the production of goods or the provision of services.