Which of the Following Statements Is(are) True

question 51

Multiple Choice

Which of the following statements is(are) true?
(A) A favorable variance is not necessarily good, and an unfavorable variance is not necessarily bad.
(B) The master budget includes operating budgets (e.g., production budget) and financial budgets (e.g., cash budget) .

• A) Only A is true.
• B) Only B is true.
• C) Both of these are true.
• D) Neither of these is true.

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Definitions:

Hazardous Substances

Materials that can pose a risk to health, safety, and the environment if not properly handled or contained.

CEQ

Council on Environmental Quality, a federal agency that advises the United States president on environmental policy and issues.

Chlorofluorocarbons

Chemical compounds that were widely used as refrigerants and aerosol propellants until they were found to deplete the ozone layer.

Ozone Layer

A layer in the Earth's stratosphere containing a high concentration of ozone, which absorbs most of the sun's ultraviolet radiation, protecting life on Earth.