A car dealership is altering how it determines its advertising appropriation. It is moving from an approach where it sets its budget based on projected revenue for the coming year to one in which it identifies the cost required to meet certain goals. It is switching from the _____ approach to the _____ approach.
A. competitive-matching; arbitrary
B. percentage-of-sales; competitive-matching
C. competitive-matching; objective-and-task
D. percentage-of-sales; objective-and-task
E. arbitrary; competitive-matching
Answer: D
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______ sit at the head of the organizational structure and are responsible for overseeing top management and ensuring loyalty to shareholders.
A. Boards of directors B. Ethics officers C. Chief operating officers D. Presidents
A minimum cash balance of $250,000 is required to be maintained. The company can borrow in increments of $10,000 as and when required. Assume the company can borrow the needed funds at the end of the period. Calculate the ending cash balance for the budget period.
Jaborosa, Inc., a merchandising company, has provided the following budgeted amounts for the next
budget period.
A) $713,400
B) $254,700
C) $204,700
D) $733,000
Long lived assets held for sale are classified as fixed assets
Indicate whether the statement is true or false
The corporate charter is a document filed with the secretary of the state in which a firm is incorporated that provides information about the corporation, including its name, address, directors, and amount of capital stock.
Answer the following statement true (T) or false (F)