(Figure: Quarts of Milk and Jars of Honey 2) If

question 31

Multiple Choice

(Figure: Quarts of Milk and Jars of Honey 2) If the price of milk rises, the budget line will

• A) pivot from its intersection with the horizontal axis to have a flatter slope.
• B) pivot from its intersection with the horizontal axis to have a steeper slope.
• C) pivot from its intersection with the vertical axis to have a flatter slope.
• D) shift outward in a parallel manner.

Identify and calculate controllable and non-controllable costs in a budget.

Understand the significance and mechanics of responsibility accounting in managing performance.

Explain the function and importance of budgetary control in business operations.

Identify the roles and classifications of responsibility centers.

---

Definitions:

Saturated Fat

A type of dietary fat found in animal products and some plant oils, known to raise cholesterol levels and increase heart disease risk.

Nonnutritive Sweeteners

Artificial or natural sweeteners that provide little to no nutritional value but add sweetness to foods and drinks.

Total Fat Intake

The total amount of fat consumed in one's diet over a specified period.

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, beneficial for health.