Accounting is the information system that measures business activities, processes the information into reports, and communicates the results to decision makers

A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles. This decreased production in turn will reduce Huffy's demand for bicycle seats. This scenario illustrates_____ demand

a. inelastic b. joint c. elastic d. fluctuating

An efficiency variance measures how well the business uses its materials or human resources

Indicate whether the statement is true or false