Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting:
In May, the company budgeted for 497 guests and 202 jeeps. The company's income statement showing the actual results for the month appears below:
Required:
Prepare a report showing the company's revenue and spending variances for May. Label each variance as favorable (F) or unfavorable (U).

It is because firms consciously try to balance social costs and benefits that efficiency conditions of perfect competition come about.

Assume that discontinuing the manufacture and sale of Product J will not affect the sale of other products. If the company discontinues Product J, the change in annual net income due to this decision will be a:

A) $145,000 increase.
B) $25,000 decrease.
C) $315,000 decrease.
D) $170,000 decrease.

Explain what is held in a life estate.

Choosing between alternatives that aren't clear-cut is termed an ________.

A) ethical misdeed
B) ethical crime
C) ethical lapse
D) ethical dilemma

______ is the extent to which team members rely on each other to complete their work tasks.

A) Systems
B) Tasks
C) Resources
D) Interdependence

Why is access to capital an increasing challenge for social entrepreneurs?

A) Because capital markets do not exist for not-for-profit sectors
B) Because nonprofits are not sustainable and scalable
C) Because of competition from other social ventures
D) Because of using bootstrapping as a method of resource acquisition

The federal legislation that regulates the collection and use of personal information in the private sector is known as the

A) Personal Information Protection and Electronic Documents Act.
B) Privacy Act.
C) Private Sector Privacy Act.
D) Code of Personal Information.
E) Act for the Protection of Private Information.