From a budgeting view, which of the following statements is not ...

[AEWBW]

From a budgeting view, which of the following statements is not true concerning variances?
 
  A)
 
  A favorable expense variance means the budgeted amount was more than actual.
  B)
 
  Cumulative variance = current month's variance + variances of previous months.
  C)
 
  Ideally, cumulative variances for the year will equal zero.
  D)
 
  Ideally, cumulative variances for the year should have a positive value.

Question 2

Which of the following is (are) covered under an unendorsed Commercial General Liability Policy?
 
  I. False arrest of a customer wrongly accused of shoplifting
  II. Publication of material that violates an individual's right to privacy
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

[Harbringer]

Answer to Question 1

D

Answer to Question 2

Answer: C

[AEWBW]

Thank you

[Harbringer]

No problemo