________ Occurs When a Firm Invests in Different Types of Businesses

question 82

Multiple Choice

________ occurs when a firm invests in different types of businesses or products or when it expands geographically to reduce its dependence on a single market or technology.

• A)Domain selection
• B)Diversification
• C)Acquisition
• D)Divestiture
• E)Empowerment

---

Definitions:

Client-visits

Meetings or engagements with clients outside the company's premises for business discussions or services.

Activity Variance

The variance between the projected budget for a task and the actual expenses incurred.

Budgeting

The process of creating a plan to spend your money by estimating the revenue and expenses for a future period, used as a financial guide.

Actual Results

The real, measured outcomes of financial or operational activities, used to compare against budgeted or forecasted figures for analysis.