During the process of operational planning, management must compare market demand with
A. market supply.
B. consumer demand.
C. planned supply.
D. available human resources.
E. capacity.
Answer: E
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In regards to the accounts payable department, which statement is NOT true?
a. The purchase requisition shows that the transaction was authorized. b. The purchase order proves that the purchase was required. c. The receiving report provides evidence of the physical receipt of the goods. d. The supplier's invoice indicates the financial value of the transaction.
Answer the following statements true (T) or false (F)
1) A receivable occurs when a business sells goods or services to another party on account. 2) Each receivable transaction involves two parties - the one who takes on the obligation and the one who will collect the cash. 3) A receivable is a monetary claim against a business or an individual. 4) A receivable is a liability because it represents a right to receive cash in the future. 5) A debtor is a party to a credit transaction who will receive the cash for the transaction at a later date.
A report that compares the budgeted costs for the job to the actual costs incurred and indicates the variances is a:
a. Budget analysis. b. Job cost sheet. c. Cost analysis. d. Cost performance report.
An example of a special court in the federal judicial system is the:
A) U.S. Court of Federal Claims. B) Federal District Court. C) U.S. Supreme Court. D) U.S. Court of Appeals.