A Firm's _____ Is Usually Responsible for Finding and Allocating

question 70

Multiple Choice

A firm's _____ is usually responsible for finding and allocating capital.

• A) chief financial officer
• B) chief operating officer
• C) chief technology officer
• D) chief executive officer
• E) chief marketing officer

---

Definitions:

Activity Variances

Differences between the expected levels of activity used for costing purposes and the actual levels of activity observed, which can impact on cost calculations.

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period, including operational and non-operational costs.

Flexible Budget

A budget that adjusts to changes in the volume of activity, providing a more accurate basis for performance evaluation.

Customers Served

Refers to the number of individual customers or client accounts a business has successfully provided its products or services to within a specific period.