A Flexible Budget Performance Report with More Than One Cost

question 35

True/False

A flexible budget performance report with more than one cost driver will always have more unfavorable revenue and spending variances than a performance report with only one cost driver.

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Definitions:

Affirmative Defense

A response to a plaintiff’s claim that does not deny the plaintiff’s facts but attacks the plaintiff’s legal right to bring an action. An example is the running of the statute of limitations.

Default Judgement

Default Judgement is a binding judgment in favor of either party based on some failure to take action by the other party, most often the failure to respond to a court summons.

Motion

A formal request made to a court for an order or ruling in favor of the applicant.

Notice of Motion

A formal document filed with a court to inform parties about a motion, outlining the nature of the motion and when it will be presented.