Which of the Following Statements About Financial Portals Is Not

question 42

Multiple Choice

Which of the following statements about financial portals is not true?

• A) They do not offer financial services.
• B) They add to the online price competition in the finance industry.
• C) Their strategy is similar to that of large banking institutions.
• D) They make their money from advertising, referral fees, and subscription fees.

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Definitions:

Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a portion of an organization or the entire organization.

Flexible Budgets

Budgets that adjust or flex according to changes in activity levels or other factors that influence operating expenses.

Unfavorable Variance

A situation where actual costs exceed budgeted or expected costs.

Efficiency Variance

The difference between the actual input used in production and the standard input that was expected to be used.