Which of the Following Statements Is(are)true

question 76

Multiple Choice

Which of the following statements is(are) true?
(A) A favorable variance is not necessarily good,and an unfavorable variance is not necessarily bad.
(B) The master budget includes operating budgets (e.g. ,production budget) and financial budgets (e.g. ,cash budget) .

• 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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