In order to prepare a flexible budget:
a. the static budget must be prepared.
b. estimated fixed and variable costs must be identified.
c. the manager must estimate one level of activity.
d. actual fixed and variable costs must be known.
e. All of the answers are correct.
b
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Which of the following is a disadvantage of audit services (Table 4.3 in the text)?
A) interviewer errors; respondent errors B) data is lacking in terms of content, quantity, and quality C) data may not be representative; quality of data limited D) coverage may be incomplete; matching of data on the competitive activity may be difficult
A good statistic for analysis of asset utilization for a bus line is the passenger load factor
Indicate whether the statement is true or false
In mediation, what is the phenomenon known as ripeness?
What will be an ideal response?