If supplies that were ordered by a department financed by the General Fund are received at an actual price that is less than the estimated price on the purchase order, the department's available balance of appropriations for supplies will be:
A. Decreased.
B. Unaffected.
C. Increased.
D. Either a or b, depending on the department's specific budgetary control procedures.
Answer: C
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In the initial interview, avoid asking questions about
A) salary B) product expansion C) recent innovations D) company direction
Essentials, a retail store, manages its own warehouse. It also owns a manufacturing facility where it produces private-label food products. Therefore, Essentials is practicing
A. scrambled merchandising. B. forward integration. C. backward integration. D. cross-selling. E. horizontal integration.
The primary difference between a fixed (static) budget and a flexible budget is that a fixed budget
a. cannot be changed after the period begins, whereas a flexible budget can be changed after the period begins. b. is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with expenses that vary with sales. c. is a plan for a single level of production, whereas a flexible budget is several plans (one for each of several production levels). d. includes only fixed costs, whereas a flexible budget includes only variable costs.
Which of the following is not true regarding transnational corporations?
A. They employ more than 78 million people. B. The sales of their foreign affiliates have grown about 700 percent in the past 20 years. C. They account for approximately 50 percent of total global output. D. They account for approximately two-thirds of world trade. E. They have approximately 810,000 foreign affiliates.