A Favorable Expenditures Variance Signifies That,during the Year

question 4

Multiple Choice

A favorable expenditures variance signifies that,during the year,

• A)Unassigned fund balance increased
• B)actual spending was less than budgeted spending
• C)estimated revenues were less than actual revenues
• D)total expenditures did not exceed total encumbrances

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Definitions:

Upward Communication

The flow of messages from lower to higher organizational levels.

Downward Communication

Follows the chain of command from top to bottom.

Leanest Form

A state or manner that is stripped down to the most essential elements, without any excess or waste.

Active Listening

The process of fully concentrating on what is being said, understanding the message, and responding thoughtfully.