Since Most Colleges and Universities Charge the Same Tuition to Every

question 23

Multiple Choice

Since most colleges and universities charge the same tuition to every student regardless of what time students choose to take their classes,

• A) the schools must develop some type of non-price rationing device.
• B) it follows that all classes will have a shortage of seats.
• C) it follows that all classes will have a surplus of seats.
• D) it follows that some classes will likely have a shortage of seats while other classes may have a surplus of seats.
• E) a and d

---

Definitions:

Planned Results

The expected financial and operational outcomes from a company’s activities, based on strategic planning and budgeting.

Periodic Budget Reports

Reports generated at regular intervals to compare budgeted outcomes to actual financial performance.

Sales Budget Report

A detailed forecast of a company's sales for a given period, including expected revenues and the cost associated with generating those revenues.

Income Objectives

Financial goals related to generating a specified level of income, often used in personal finance and investment strategies.