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Author Question: From a budgeting view, which of the following statements is not true concerning variances? A) ... (Read 62 times)

AEWBW

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on: Jul 11, 2018
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


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Harbringer

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Reply #1 on: Jul 11, 2018
Answer to Question 1

D

Answer to Question 2

Answer: C


AEWBW

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Reply #2 on: Jul 11, 2018
Thank you


Harbringer

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Reply #3 on: Jul 11, 2018
No problemo


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