Does the Point (2, 14) Satisfy the Inequality Y

question 26

Multiple Choice

Does the point (2, 14) satisfy the inequality y  2x - 2?

• A) No
• B) Yes

Understand and analyze budgeting concepts and their importance in financial planning.

Calculate and interpret variances between planned and actual results.

Apply fixed and variable cost estimates in budget forecasts.

Examine how budgeting assists in decision making for operational efficiency.

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Definitions:

Inefficient

Referring to a lack of effectiveness, not achieving maximum productivity; resulting in a waste of time, energy, or material.

Efficient

The state of achieving a maximum output from given resources, with minimal waste or inefficiency.

Normative Statement

Prescriptive assertions that express judgments about whether a situation is desirable or undesirable, reflecting values rather than facts.

Positive Statement

A factual claim about how the world actually works, verifiable by observation or experience.