Which of the following budgets is prepared soon after the preparation of sales budget in a master budget?
A) Cost of goods sold budget
B) Production budget
C) Cash budget
D) Selling and administrative expenses budget
B
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Which of the following statements is true?
A. Recessions occur at regular intervals. B. Each phase of the business cycle is of equal length. C. Several economic variables move together during recessions. D. The length of each phase of the business cycle can be predicted in advance.
The first step in the innovation process is ______.
A. implementation and diffusion B. idea generation C. problem-solving D. brainstorming
Which of the following is in place when a manufacturer makes use of more than one type of channel?
A) multichannel distribution system B) intermediation C) third-party logistics D) supply chain management E) vertical marketing system
Which is not a method of employee participation?
a. stock-option plans b. empowerment c. use of teams d. humane orientation