Nitrogen

question 35

Multiple Choice

Nitrogen:

• A)is a variable gas.
• B)has a short residence time.
• C)is a relatively unstable gas.
• D)has little effect on climate.

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Definitions:

Static Planning Budget

A budget based on a fixed level of activity and not adjusted for actual activity levels.

Flexible Budget

A report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.

Revenue Variance

The difference between the actual revenue earned by a business and its expected (or budgeted) revenue, which can be favorable or unfavorable.

Sales Revenue

The income received by a company from its sales of goods or the provision of services before any expenses are deducted.