Answer the following statements true (T) or false (F)
1. The ability to work with budgets and financial statements is a must, if you want to advance and succeed in business.
2. A capital expenditures budget is a forecast of total operating spending for the year.
3. It is possible to have lots of revenues and yet make a profit.
4. The only way to really increase long term profits is to increase revenues.
1. True
2. False
3. True
4. True
You might also like to view...
Alexis manages a clothing store in the mall. They were understaffed, and she thought she would have to work all day and help close the store that evening until a young man came in for an application around noon. Alexis told him he could have the job if he could come back at 4 p.m. to begin work. Here, Alexis was engaged in
A. relaxed avoidance. B. confirmation bias. C. satisficing. D. heuristics. E. analytics.
To aid the understanding on the part of the audience, what types of words should be used?
A) Clichés B) Strong, precise words C) Familiar words D) Jargon E) Buzzwords
Which of the following statements is true of the use of computer software scheduling systems?
A. The burden of unpredictable scheduling of sales associates is eliminated. B. The system benefits the employees but has an adverse effect on retailers and customers. C. The software analyses sales, transactions, and customer traffic for each time period. D. The software often recommends the use of full-time employees. E. The software often recommends the use of regular and predictable work hours.
Which of the following will result in an unfavorable direct labor cost variance?
A) actual direct labor hours exceed standard direct labor hours B) actual direct labor hours are less than standard direct labor hours C) the actual direct labor cost per hour exceeds the standard direct labor cost per hour D) the actual direct labor cost per hour is less than the standard direct labor cost per hour