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.

---

Definitions:

Other Assets

Assets that don't fit into the main categories of current assets, property, plant, equipment, or intangible assets.

Liquidation

The process of closing a business and distributing its assets to claimants.

Profit and Loss Ratio

Measures the relationship between the profits and losses of a business, indicating financial performance.

Safe Cash Payments

Methods of cash transactions that minimize the risk of theft, loss, or accounting errors.