4/19/25, 2:13 AM WGU D774 Intro to Business Accounting
WGU D774 Intro to Business Accounting | OA |
Objective Assessment | 2025 Update | 100%
Correct.
Correct 70
Incorrect 00
WGU D774 Intro to Business Accounting
70 correct terms
Questions and answers
Term
Which characteristic is an advantage of zero-based budgeting?
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Creates the same budget as in the Reduces the need for detailed
,4/19/25, 2:13 AM WGU D774 Intro to Business Accounting
Requires that every cost be Eliminates the need for cash
justified planning
Don't know?
2 of 70
Term
Which variances are caused by volume differences?
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Only expense Both revenue and cost
Only revenue Only cost
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3 of 70
Term
Which item is reported in an income statement?
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Assets Dividends
,4/19/25, 2:13 AM WGU D774 Intro to Business Accounting
Revenues Liabilities
Don't know?
4 of 70
Term
How is a cost variance computed?
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Add the budgeted revenue amount Add the budgeted cost amount to
to the budgeted cost amount. the actual cost amount.
Subtract the budgeted cost Subtract the budgeted revenue
amount from the actual cost amount from the budgeted cost
amount. amount.
Don't know?
5 of 70
Term
Which measure is one of the most common activity levels used
when trying to understand how costs change in relation to
changes in activity level?
, 4/19/25, 2:13 AM WGU D774 Intro to Business Accounting
Give this one a go later!
Level of product cost Number of period cost units
Number of units produced Level of mixed costs
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6 of 70
Term
Which two measures are different ways to examine variances?
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Dollar amounts and Dollar amounts and estimates
percentages
Growth and estimates Growth and percentages
Don't know?
WGU D774 Intro to Business Accounting | OA |
Objective Assessment | 2025 Update | 100%
Correct.
Correct 70
Incorrect 00
WGU D774 Intro to Business Accounting
70 correct terms
Questions and answers
Term
Which characteristic is an advantage of zero-based budgeting?
Give this one a go later!
Creates the same budget as in the Reduces the need for detailed
,4/19/25, 2:13 AM WGU D774 Intro to Business Accounting
Requires that every cost be Eliminates the need for cash
justified planning
Don't know?
2 of 70
Term
Which variances are caused by volume differences?
Give this one a go later!
Only expense Both revenue and cost
Only revenue Only cost
Don't know?
3 of 70
Term
Which item is reported in an income statement?
Give this one a go later!
Assets Dividends
,4/19/25, 2:13 AM WGU D774 Intro to Business Accounting
Revenues Liabilities
Don't know?
4 of 70
Term
How is a cost variance computed?
Give this one a go later!
Add the budgeted revenue amount Add the budgeted cost amount to
to the budgeted cost amount. the actual cost amount.
Subtract the budgeted cost Subtract the budgeted revenue
amount from the actual cost amount from the budgeted cost
amount. amount.
Don't know?
5 of 70
Term
Which measure is one of the most common activity levels used
when trying to understand how costs change in relation to
changes in activity level?
, 4/19/25, 2:13 AM WGU D774 Intro to Business Accounting
Give this one a go later!
Level of product cost Number of period cost units
Number of units produced Level of mixed costs
Don't know?
6 of 70
Term
Which two measures are different ways to examine variances?
Give this one a go later!
Dollar amounts and Dollar amounts and estimates
percentages
Growth and estimates Growth and percentages
Don't know?
