If an Actual Discretionary Cost Is Exactly Equal to the Budgeted

question 2

Multiple Choice

If an actual discretionary cost is exactly equal to the budgeted level of that cost,which of the following statements is true?

• A)Funds were appropriately spent.
• B)The discretionary activity was efficient.
• C)The discretionary activity was effective.
• D)None of the above.

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Definitions:

Truthful

Being honest and accurate, without lying, cheating, or deceiving.

Non-Deceptive

Characterized by honesty and transparency, without intent to mislead or trick.

Federal Trade Commission

A U.S. federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.

Truth In Advertising

A legal concept that obligates advertisers to be honest about their products and services in their communications.