When actual performance varies from the budgeted performance, managers will be more likely to revise future budgets if the variances were
a. controllable rather than uncontrollable.
b. uncontrollable rather than controllable.
c. favorable rather than unfavorable.
d. small.
B
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[APPENDIX] The attitude of the Financial Accounting Standards Board toward deferred tax liabilities is that they are
a. an amount that results in a future obligation and meets the definition of a liability. b. a bookkeeping item that is used merely to maintain equality of the accounting equation. c. not true liabilities because the balance increases every year. d. not payable in the immediate future so it not necessary to record them.
Software Entrepreneurial Venture (Scenario)Theodore and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, and in exploring future opportunities decides to initiate international operations.Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their software, brand name, and software specifications in return for a lump sum payment. The firm is a service organization that plans to use the software to assist its customers. Their agreement is a(n) ________.
A. export agreement B. licensing agreement C. franchise agreement D. import agreement
Assignment of rights is the voluntary transfer to a third party of the rights arising from a contract
Indicate whether the statement is true or false
A ________ is a repository of customer information that records all of the contacts that a customer has with a firm and generates a customer profile available to everyone in the firm with a need to know the customer
A) customer service chat system B) CRM system C) data warehouse D) transactive content system