If We Found That Children Were More Similar to Their

question 80

Multiple Choice

If we found that children were more similar to their adoptive parents than their biological parents in rule-following behavior,what could we conclude?

• A) Genes are irrelevant for rule-following behavior.
• B) Genetic factors play a larger role in rule-following behavior than environmental factors do.
• C) Environmental factors play a larger role in rule-following behavior than genetic factors do.
• D) There must be a gene for rule-following behavior.

Understand the concept and purpose of a flexible budget and its comparison to static budgets.

Identify the conditions under which a variance analysis is favorable or unfavorable.

Recognize the role of activity level changes in the variance analysis process.

Distinguish between variable and fixed costs in the context of budgeting and variance analysis.

---

Definitions:

Journal

A chronological record of all transactions made by a company, used as the primary source of information for the financial statements.

Ledger

A comprehensive collection of a company's accounts where transactions are recorded, typically categorized into assets, liabilities, equity, revenues, and expenses.

Compound Journal Entry

A journal entry that includes multiple debits, credits, or both, affecting more than two accounts.

Accounts

Records of financial transactions pertaining to specific assets, liabilities, equity, revenues, and expenses within an organization.