A flexible budget report should exclude variable costs because they can be expected to change with a change in the level of activity.
Answer the following statement true (T) or false (F)
False
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In terms of ethical frameworks for reasoning, the degree to which society values personal goals, personal autonomy, privacy over group loyalty, commitments to group norms, involvements in collective activities, social cohesiveness, and intense
socialization is: A) utilitarianism B) individualism C) the justice approach D) the rights approach
Answer the following statements true (T) or false (F)
1. The research on leadership generally has found it to be a relatively simple process. 2. More than 60 different leadership classification systems have been developed. 3. Leadership occurs in both large and small groups. 4. According to Burns, followers should remember that their leaders are above them and act accordingly. 5. The earliest leadership theories in the 20th century emphasized control and centralization of power.
Expert witnesses provide testimony to legislators for businesses or business groups.
Answer the following statement true (T) or false (F)
Gerentology Associates, a highly profitable company, is considering two growth strategies, one that
will achieve sales growth of 20% in one year, and the other that will achieve 20% growth in sales, but over a 4-year time frame. Assuming Gerentology Associates uses the percent of sales method, which of the following statements is true? A) Discretionary financing needed could be much greater for the slow growth strategy because interest charges will accumulate on the company's debt. B) The asset balances at the end of 4 years for strategy two will be much greater than the asset balances required at the end of year one for strategy one. C) Discretionary financing needed will be much greater for the 4-year growth strategy. D) Discretionary financing needed could be much less for the 4-year growth strategy due to retained earnings.