A static budget:
a. should be compared to actual costs to assess how costs were controlled.
b. should be compared to a flexible budget to assess how costs were controlled.
c. is the best way to display spending standards.
d. is valid for only one level of activity.
e. All of the answers are correct.
d
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A decrease in plant assets shown in the investing activities section of the statement of cash flows would be presented based on the amount of the resulting gain or loss incurred
Indicate whether the statement is true or false
The physical environment affecting marketing activities is referred to as the ________ environment
A) economic B) natural C) cultural D) political E) social
Which of the following statements related to the Japanese family system is incorrect?
a. The father is the bread winner, but the mother runs the home. b. The divorce rate is low. c. Marriages are mainly monogamous. d. Most marriages are arranged.
The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.
A. high levels of rivalry B. high bargaining power of suppliers C. low threat of substitutions D. low levels of rivalry E. low bargaining power of customers