Which of the following statements does not reflect a difficulty in preparing the marketing and administrative budget?
A. Managers have discretion about how much money is spent.
B. Marketing and administrative expenses normally have a one-year time horizon.
C. Marketing and administrative expenses are made up of fixed and variable items.
D. Managers have discretion about the timing of when money is spent.
Answer: B
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The ratio of net income for the year to the average assets for the year is called the ____________________
Fill in the blank(s) with correct word
Which of the following is an advantage to using sentences that are 15 to 25 words long?
A) Medium length sentences can be processed quickly. B) Medium length sentences are useful for showing relationships among ideas. C) Medium length sentences are best in showing complex ideas. D) Medium length sentences are best when listing a number of related points. E) Medium length sentences are useful when summarizing information.
Value analysis examines quality, design, and materials as well as current and potential vendors.
Answer the following statement true (T) or false (F)
Which of the following would be considered a capital expenditure?
A) Business vehicle tune-up B) Equipment maintenance C) Installation of an air-conditioning system D) Professional deep cleaning of display room carpet