What Is It That Motivates Most Collectors to Buy Contemporary

question 16

Multiple Choice

What is it that motivates most collectors to buy contemporary art?

• A)investment in a stable commodity
• B)interest in supporting further art and artists
• C)the pleasure of owning art and the prestige it confers upon them
• D)its recognition as a charitable donation

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Definitions:

Budgeted Operating Income

The anticipated revenue from operations minus the expected operating expenses for a certain period, typically before financial expenses and taxes.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, often used in variance analysis.

Variable Costs

Charges that adjust in line with the scale of production or sales figures.

Variable Overhead Efficiency Variances

The difference between the actual variable overhead incurred and the standard cost of variable overhead that should have been incurred based on efficient operations.