To effectively use variances to improve operations, management should take the following steps except:
a. Taking appropriate action to follow up on variances.
b. Breaking down the total variance by usage and price.
c. Adding variances together to determine the impact on financial statements.
d. Analyzing cause and effect of both favorable and unfavorable variances.
c
Business
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All of the following are forms of utility created by marketing processes EXCEPT ________
A) form utility B) place utility C) time utility D) possession utility E) price utility
Business
In cash budgeting, other cash receipts are cash receipts expected to result from sources other than sales
Indicate whether the statement is true or false
Business