The difference between cost variances and efficiency variances pertains to ________
A) the difference between the static budget and actual results
B) the difference between the flexible budget and actual results
C) the difference between the flexible budget and the static budget
D) the difference between the static budget and the previous year's actual results
B
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What is the correct chronological order of the items listed below?
A) Good credit history, loan contract, repayment schedule, loan application B) Good credit history, loan application, loan contract, repayment schedule C) Good credit history, repayment schedule, loan application, loan contract D) Good credit history, repayment schedule, loan contract, loan application
The distinguishing feature of a corporation is that:
A) their is no legal difference between the corporation and its owners. B) it is a legally defined, artificial being, separate from its owners. C) it spreads liability for its corporate obligations to all shareholders. D) provides limited liability only to small shareholders.