Jason had been operating his machine for an entire month before he realized that it was generating more scrap than usual. Which advantage of budgeting would have helped him identify this problem sooner?
A. Coordination
B. Performance measurement
C. Planning
D. Corrective action
Answer: B
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Which of the following statements regarding the statement of cash flows is true?
a. The statement of cash flows analyzes the changes in consecutive balance sheets in conjunction with the income statement. b. The statement of cash flows is organized as cash inflows less cash outflows. c. The statement of cash flows analyzes only the changes in current assets and current liabilities. d. The statement of cash flows is an optional financial statement.
Some research suggests that ______ often represents information we are already holding at an unconscious level, and thus it may actually lead to effective decisions.
A. anchoring B. satisficing C. intuition D. bias
This sentence has correct punctuation: "The speaker had many distractions: the telephone — which rang incessantly; the microphone — which emitted a screeching feedback sound; a construction crew outside the building —
which was using jackhammers to tear up the street." a. true b. false
The fixed overhead volume variance is a measure of
A) the cost of overspending on fixed overhead items. B) the effect of the actual output differing from the output used to calculate the predetermined fixed overhead rate. C) the cost of unused activity capacity acquired. D) both the cost of overspending on fixed overhead items and the effect of the actual output differing from the output used to calculate predetermined fixed overhead rate. E) both the effect of the actual output differing from the output used to calculate the predetermined fixed overhead rate and the cost of unused activity capacity.