If the cost of raw material was less than budgeted, you have a(n) __________________.

a. Unfavorable variance
b. Unavoidable variance
c. Favorable variance
d. Either; it depends on what your sales were

Answer: c. Favorable variance

Business

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A decision rule often employed by organizations is satisficing, which means that when the buying center has identified the best possible solution, it is chosen and the search is complete

Indicate whether the statement is true or false

Business

Which of the following is not a primary benefit of collaborating with a family conglomerate?

A) develop local contacts B) prevent intellectual property theft C) market access D) government access

Business