The Serenity Prayer Asks God to Give Us

question 32

Multiple Choice

The Serenity Prayer asks God to give us

• A) courage to change things that should be changed
• B) grace to accept things that cannot be changed
• C) wisdom to distinguish between things that should be changed and things that cannot be changed
• D) all of these
• E) none of these

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Definitions:

Spending Variance

This refers to the difference between the budgeted amount of spending and the actual amount spent.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Variable Cost

Expenses that fluctuate directly and proportionately with changes in production volume or activity level, such as raw materials and direct labor.

Planning Budget

A financial plan that forecasts revenue, expenditures, and resources needed for a particular period.