Answer: C.
Explanation: When you pay any bill, you don't borrow money, you give your own money to the company or whoever you are giving the money to.
The variance analysis cycle<u> C. begins with the preparation of </u><u>performance reports</u><u>.</u>
<h3>What is a performance report?</h3>
A performance report is at the heart of the variance analysis cycle.
The performance report details the following:
- Calculates the difference between actual and budgeted expenditure and revenue.
- Analyzes the differences into various variances, determining if they are favorable or unfavorable or have no effects.
- Investigates the reasons for the differences.
- Puts the information together and reports to management.
Thus, the variance analysis cycle<u> C. begins with the preparation of </u><u>performance reports</u><u>.</u>
Learn more about performance reports and variances at brainly.com/question/13287252
JEBBERZ that link isn't even clickable
Answer:
The correct answer is A) the substitution effect
Explanation:
In other words, the substitution effect is when sales fall because the consumers change into cheaper alternatives when its price rises.