Which of the Following Statements Is(are)true

question 33

Multiple Choice

Which of the following statements is(are) true?
(A) The market share variance is more controllable by the marketing department than the industry volume variance.
(B) The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.

• A) Only A is true.
• B) Only B is true.
• C) Both A and B are true.
• D) Neither A nor B is true.

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Definitions:

Liquidated Damages

A predetermined amount of money that is agreed upon by parties in a contract to be paid as compensation in case of breach.

Plaintiff Claim

A statement or demand made in a lawsuit by the plaintiff, outlining the relief or damages sought from the defendant.

Damages Award

Financial compensation ordered by a court to be paid to a plaintiff by a defendant as reparation for harm or injury.

Fundamental Breach

A serious violation of a contract that permits the aggrieved party to terminate the agreement and sue for damages.