Which of the following is not a category of investments?
a. Held-to-maturity securities
b. Trading securities
c. Collateral securities
d. Available-for-sale securities
C
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Which of the following is an advantage of participative budgeting?
A) It fosters pseudoparticipation. B) It encourages budgetary slack. C) It tends to discourage goal congruence. D) It fosters a sense of responsibility. E) There are no advantages of participative budgeting.
Explain how the Foreign Corrupt Practices Act (FCPA) affects the functioning of businesses in foreign countries
What will be an ideal response?
Small businesses high in social capital are less trusted when problems occur.
Answer the following statement true (T) or false (F)
The following two items are from Marcia White's "Dining Out" expense category:
1. January monthly variance = $25 (favorable); 2. February cumulative variance = -$10 (unfavorable). If Marcia budgeted $85 a month for this activity, we know that she A) spent $60 in January and $95 in February. B) spent $60 in January and $120 in February. C) can bring the activity back within budget by spending $85 in March. D) has not budgeted properly.