Saving Is

question 186

Multiple Choice

Saving is

• A)helpful for production but not necessary
• B)not useful for production because they imply a decrease in consumption
• C)required for production
• D)not useful for production because it is not a resource
• E)not useful for production because savers must be paid interest

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Definitions:

Planning Budget

A budget created for a specific level of activity, used as a tool for decision making and planning within an organization.

Supplies Cost

The amount spent on materials and goods required for the operation of a business that are not directly included in the final product.

Spending Variance

The difference between the actual and budgeted spending. It is used in budgetary control to identify discrepancies and manage costs.

Travel Expenses

Costs associated with traveling for the purpose of conducting business-related activities.