Local Variables

question 14

Multiple Choice

Local variables:

• A) are hidden from other methods
• B) may have the same name as local variables in other methods
• C) lose the values stored in them between calls to the method in which the variable is declared
• D) All of the above

---

Definitions:

Activity Variance

The difference between the budgeted amount of activity and the actual amount of activity, often analyzed in budgeting and costing practices.

Selling

The act of transferring ownership of a product or service from one entity to another in exchange for money, goods, services, or other forms of value.

Administrative Expense

Costs related to the general operation of a business that cannot be directly linked to any specific business activity, product, or service.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of a company, allowing for more accurate budgeting.