When Budgets Are Not Achieved,the Variances May Signal That the Company

question 190

Multiple Choice

When budgets are not achieved,the variances may signal that the company should consider a change in:

• A)strategy.
• B)pricing.
• C)costing.
• D)staff.

Understand how strong cultures impact organizational values and performance objectives.

Acknowledge the role of diversity and value-based management in shaping organizational culture.

Understand the concept and importance of diversity in the workplace.

Recognize the role of managers in fostering value-based management and inclusive organizational cultures.

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Definitions:

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or production.

Total Revenue

The total income received from sales of goods or services before any expenses are subtracted.

Elastic

A term used in economics to describe a situation where the quantity demanded or supplied of a good is sensitive to changes in its price.

Price Elasticity

An indicator showing the demand for a good's responsiveness to its price alterations.