Case 15-2 Carmen Works for a Nonprofit Agency That Is

question 37

Multiple Choice

Case 15-2 Carmen works for a nonprofit agency that is in the midst of a fundraising campaign. Carmen is responsible for updating a table that displays the updated numbers and major contributors. She wants to format it so that it will be easy to update. Carmen wants the table to adjust automatically to fit the window, no matter how much data is in the table. Which command should she choose?

• A) AutoFit Contents
• B) Fixed Column Width
• C) AutoFit Window
• D) Text Direction

Differentiate between favourable and unfavourable variances and their implications on financial performance.

Recognize the significance of stabilizing product costs in varying business activities.

Understand the concept of fixed and variable overheads and their impact on cost control.

Analyze and explain the causes and impacts of overhead variances.

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Definitions:

Arbitration

A type of alternative dispute resolution in which disputes are submitted for resolution to private nonofficial persons selected in a manner provided by law or the agreement of the parties.

Binding Contract

An agreement between two or more parties that is legally enforceable in court.

Specific Performance

A legal remedy requiring a party to execute a contract according to the precise terms agreed upon, rather than paying damages for failing to do so.

Unique Goods

Items that are rare, one of a kind, or have distinctive qualities making them of special interest.