Jammin' Jamie, a Disc Jockey for a Local Radio Station

question 109

Multiple Choice

Jammin' Jamie, a disc jockey for a local radio station, plays requests that listeners phone in between 11 a.m. and noon. There are lots of requests, and Jamie usually forgets all but the last few requests. This pattern is an example of the __________ effect.

• A)primacy
• B)recency
• C)context
• D)interference

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Definitions:

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for a particular cost category or department.

Planning Budget

A planning budget is used for guiding a company's spending and operational goals before the start of a financial period.

Other Expenses

Financial outlays that do not fit into standard cost categories, often including unusual or infrequent costs.

Spending Variance

The difference between the actual amount spent in a budget category and the amount that was originally budgeted, indicating over or under-spending.