Tickets Not Only Act as Evidence of Payment or Permission

question 9

Multiple Choice

Tickets not only act as evidence of payment or permission to enter an event, but are also:

• A)a means of security.
• B)crowd management tool.
• C)legal requirement.
• D)compulsory.

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Definitions:

Variable Cost

is a cost that varies with the level of output or activity, such as raw materials or piece-rate labor.

Spending Variance

The difference between the budgeted amount of expense or revenue and the actual amount spent or received.

Activity Variance

The difference between planned activity costs and actual activity costs in managerial accounting, used for budget control and performance evaluation.

Fixed Cost

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance premiums.