Financial planning is necessary only if an individual earns a lot of money.
Answer the following statement true (T) or false (F)
False
Rationale: Operating without a financial plan is like traveling without a road map. Financial planning provides direction toward financial security by helping an individual work toward specific financial goals. Therefore, financial planning is necessary for everyone. See 2-1: Mapping Out Your Financial Future.
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Which of the following amounts of a flexible budget changes, within the specified relevant range, with changes in sales volume?
A) sales price per unit B) total fixed costs C) variable cost per unit D) total contribution margin
Negotiated rulemaking has been criticized as too costly and too time consuming
a. True b. False
Most multi-brand firms have a(n) _______________ of brands that helps to clarify the strategic roles of the brand.
a. Acquisition b. Allegiance c. Hierarchy d. Line extension
Online retail constitutes about 20% of the total retail market today
Indicate whether the statement is true or false