__________ Refers to Thought Processes Involving the Production of Various

question 81

Multiple Choice

__________ refers to thought processes involving the production of various alternatives.

• A)Divergent thinking
• B)Convergent thinking
• C)Insight
• D)Incubation

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Definitions:

Flexible Budget

A flexible budget adjusts based on changes in the volume of activity or other relevant factors. It allows for a more accurate comparison of budgeted versus actual costs under varying levels of activity.

Occupancy Expenses

Occupancy expenses are costs associated with renting or maintaining premises for business operations, such as rent, utilities, and property taxes.

Client-Visits

Meetings or interactions with clients, often used to build relationships, assess needs, or deliver services.

Activity Variance

The difference between budgeted and actual activity levels, often analyzed in cost accounting and performance management.