Assuming a bottom-up process of budget development, which of the following should be initially responsible for developing sales estimates?
A. The marketing department.
B. The sales department.
C. The accounting department.
D. Top management.
E. The budget committee.
Answer: B
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Exhibit 11-03 ? ? On January 1, 2016, Wheeler, Inc purchased some equipment for $3,900. The equipment had an estimated life of five years and an expected residual value of $200. On July, 1, 2018, the equipment was sold for $1,000. Wheeler uses straight-line depreciation. Refer to Exhibit 11-03, what was the amount of the loss or gain recognized in the sale?
A) $1,000 gain B) $1,850 gain C) $1,050 loss D) $3,900 loss
An example of an intangible benefit is
a. expansion into other markets b. reduction in supplies and overhead c. more efficient operations d. reduced equipment maintenance
How can a manager minimize the effect of power differences during an interview?
A. use open, supportive communication B. tell the interviewee that status will be ignored C. close the door D. use first names
Describe the pricing impacts of the going-rate and creaming pricing approaches
What will be an ideal response?