Households

question 133

Multiple Choice

Households

• A) have no influence on the circular flow in a market economy.
• B) purchase resources in the factor market.
• C) sell goods in the product market.
• D) sell resources in the factor market.

---

Definitions:

Spending Variance

The difference between the actual spending and the budgeted or planned spending in a given period.

Revenue Variance

The difference between the actual revenue earned and the expected revenue according to budget.

Net Operating Income

The profit derived from a company's regular business operations, excluding deductions of taxes and interest expenses.

Revenue And Spending Variances

The differences between the actual and budgeted amounts of revenue and expenses.