An Innovation Diffuses

question 29

Multiple Choice

An innovation diffuses

• A)mainly on the supply side.
• B)by industrial espionage and leaked information.
• C)through the purchase of products by customers and the imitation by competitors.
• D)b and c.

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Definitions:

Variance

The difference between planned or expected outcomes and the actual outcomes in finance and accounting.

Cost Drivers

Factors that cause a change in the cost of an activity, used in activity-based costing to allocate costs accurately.

Revenue Variances

The difference between actual revenue and budgeted or projected revenue.

Spending Variances

The difference between actual spending and budgeted or planned spending in various categories.