Top Management's Reaction to a Difference Between Budgeted and Actual

question 32

Multiple Choice

Top management's reaction to a difference between budgeted and actual sales often depends on

• A) whether the difference is favorable or unfavorable.
• B) whether management anticipated the difference.
• C) the materiality of the difference.
• D) the personality of the top managers.

---

Definitions:

Portfolio Weights

Percentage of a portfolio’s total value in a particular asset.

Market Values

The listed market price for an asset or service available for immediate transaction.

Corporate Bonds

Debt securities issued by corporations to fund their operations, capital improvements, or expansions, offering periodic interest payments and the return of principal at maturity.

R-134a

Current (2018) A/C refrigerant used in HD trucks and not projected for phase-out in the near future. GWP rating is 1,430.