Which of the following statements regarding budgeting is false?
A) The focus of budgeting is planning.
B) Many companies use enterprise resource planning (ERP) systems as a budgeting tool.
C) Budgeting is a bookkeeping task.
D) Budgeting helps managers determine the resources needed to meet their goals and objectives.
C
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Which of the following is required by the Sarbanes-Oxley Act?
a. a price-earnings ratio b. a report on internal control c. a vertical analysis d. a common-sized statement
Harmon, a nationwide department store, uses checkout scanners to record shoppers' purchases. Which term best describes Harmon's checkout scanners?
A) nonprobability sampling tool B) mechanical instrument C) neuromarketing tool D) touch point device E) CRM system
An accrued expense can be described as an amount
a. paid and matched with earnings for the current period. b. paid and not matched with earnings for the current period. c. not paid and not matched with earnings for the current period. d. not paid and matched with earnings for the current period.
Typically, the most efficient and effective approach to managing incidents is the first-come, first-served approach.
Answer the following statement true (T) or false (F)