The major differences between functional and activity-based budgeting are found within which of the following categories?
A) overhead
B) selling
C) administration
D) all of these
D
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Two management students, Gunther and Jake, discuss the pros and cons of employee benefits. Gunther states that unemployment insurance is more advantageous to employees than it is to employers, while Jake argues that employers receive more rewards from it. Which statement weakens Jake's argument?
A. Unemployment insurance does not include payments to offset lost income during voluntary unemployment. B. Unemployment insurance does not provide assistance to unemployed workers looking for new jobs. C. The amount of an employer's unemployment insurance tax depends on the number of employees. D. Federal and state taxes paid by employers fund most of unemployment insurance. E. Unemployment insurance provides employers a competitive advantage in the talent market.
If A and B are independent events with P(A) = 0.2 and P(B) = 0.6, then P(A?B) =
A. 0.62. B. 0.12. C. 0.60. D. 0.68.
Answer the following statements true (T) or false (F)
1. Target profit is the operating income that results when sales revenue minus variable and fixed costs equals management's profit goal. 2. Companies can use the contribution margin ratio approach to compute required sales in terms of units rather than in sales dollars. 3. The sales required to achieve a target profit can be determined by using the contribution margin, contribution margin ratio, or break even approaches. 4. The sales level at which operating income is zero is called the breakeven point. 5. The breakeven point represents the sales level at which the company's operating income is zero.
Which board type becomes actively involved in all major decisions of the firm and meets frequently and focuses intensely on all issues on the agenda at the board meetings?
a. Intervening board b. Passive board c. Certifying board d. Operating board