Dylan is a supervisory manager in the production department of a tea manufacturing company. Each year, he actively participates in the budgeting process of the company. His input is valued by the top management as he is able to identify the issues in his department. In this scenario, it can be said that Dylan's company follows the _____ to budgeting.
A. top-down approach
B. incremental approach
C. bottom-up approach
D. zero-based approach
Answer: C
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Vista Company's has 32 days' payable outstanding based on the current year's cost of goods sold of $11,315. What is Vista's balance in accounts payable?
A. $870 B. $992 C. $950 D. $975 E. $998
The regrouping activity that involves collecting products from many small producers so that the products can be handled more economically further along in the channel is called
A. bulk-breaking. B. assorting. C. wholesaling. D. accumulating. E. sorting.
Which of the following statements is true of offshore outsourcing?
A) Improved telecommunication systems have increased its attractiveness. B) The increased cost of communication has reduced its popularity. C) The limited availability of the Internet has reduced its effectiveness. D) Reduced bandwidth has increased its efficiency to perform with low latency.
If an automobile is purchased for 100 percent use in the taxpayer's business, the annual automobile depreciation limitations do not apply
a. True b. False Indicate whether the statement is true or false