Examlex

Solved

A Hotel Chain Transfers Its Live Reservation Call Center from the State

question 6

Multiple Choice

A hotel chain transfers its live reservation call center from the state of South Dakota (U.S.A.) to a private company located in Mumbai, India. This is an example of


Definitions:

Revenue Variance

The difference between the actual revenue earned and the expected or budgeted revenue.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Variable Costs

Expenses that fluctuate in direct proportion to the production or sales volume, for instance, direct labor and raw materials.

Budgeting

The process of creating a plan to spend your money, allocating financial resources for various purposes over a specified period.

Related Questions