The budgeting technique that provides for employee input into the planning process is known as:
A. zero-based budgeting.
B. participative budgeting.
C. perpetual budgeting.
D. continuous budgeting.
Answer: B
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The adjusted trial balance is used in the preparation of the statement of cash flows because it contains the balance sheet, income statement, and retained earnings statements for the current period
Indicate whether the statement is true or false
Which of the following is not a business resource?
a. raw material b. labor c. information d. all are business resources
Which theory states workers are not concerned about the organization’s needs?
A. path-goal B. Theory X C. Theory Z D. hierarchy of needs
How does receiving a bill to be paid next month for services rendered affect the accounting equation?
A) assets decrease; owner's equity decreases B) assets increase; liabilities increase C) liabilities increase; owner's equity increases D) liabilities increase; owner's equity decreases