Program Audits Include Determining

question 4

Multiple Choice

Program audits include determining

• A)the degree to which an entity is acquiring,protecting,and using its resources effectively.
• B)the effectiveness of an organization's programs,activities,or functions.
• C)the causes of an organization's inefficiencies or uneconomical practices.
• D)the entity's compliance with laws and regulations concerning matters of efficiency.

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Definitions:

Fixed Costs

Static expenses that are independent of production or sales volumes, including costs like rental fees, salary payments, and insurance.

Selling Prices

The amount a customer pays to purchase a product or service from a seller.

Variable Costs

Expenses that vary with the amount of output or sales.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.