Sales promotion is a promotional tool generally used to stimulate consumer buying and dealer effectiveness.
Answer the following statement true (T) or false (F)
True
Sales promotion is a short-run tool used to stimulate increased demand.
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Which budgeting process starts with departmental managers and flows up through middle management and then to top management?
a. Departmental budgeting b. Participatory budgeting c. Centralized budgeting d. Master budgeting
Which of the following does not constitute cheating?
a. Breaking the rules b. Advancing self interest c Doing whatever it takes d. Acting responsibly and ethically
Songster Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original BudgetActual CostsFixed overhead costs: Supervision$14,100 $13,650 Utilities 5,300 5,060 Factory depreciation 7,200 7,470 Total overhead cost$ 26,600 $ 26,180 The company based its original budget on 3,500 machine-hours. The company actually worked 3,700 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,820 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?
A. $2,432 Favorable B. $420 Favorable C. $2,432 Unfavorable D. $420 Unfavorable
A corporation might buy some of its own stock to help keep the market price from falling.
Answer the following statement true (T) or false (F)