The Length-Of-Service Principle and Surviving Group Principle May Both Be

question 63

Multiple Choice

The Length-of-Service Principle and Surviving Group Principle may both be used in combining the ______ lists of two merged companies.

• A) Seniority
• B) Outsourcing
• C) Bidding
• D) Benefits

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Definitions:

Fixed Cost

A cost that remains constant, in total, regardless of changes in the level of activity within the relevant range. If a fixed cost is expressed on a per unit basis, it varies inversely with the level of activity.

Planning Budget

A financial plan for a future period, outlining an organization's revenue and expenditures.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels.

Revenue Variances

The difference between actual revenue and budgeted or expected revenue, analyzed to understand and manage financial performance.