Which of the following budgets probably would be prepared immediately after the preparation of the production budget?
a. Cash budget
b. Capital expenditures budget
c. Selling and administrative expense budget
d. Direct materials purchases budget
D
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Biff went to Carraba's Market to pick up a few items for dinner. It was a rainy, windy day, and the wind had blown water through the entrance to Carraba's each time the door opened. As Biff entered, he slipped and fell in the rainwater that had accumulated on the floor. Dorothea, the manager, knew of the weather conditions but had not posted any sign to warn customers of the water hazard. Biff injured his back as a result of the fall and sued Carraba's for damages, alleging negligence. Is Carraba's liable? Why or why not?
What will be an ideal response?
A voucher system is a set of procedures and approvals:
A. Designed to control cash disbursements and the acceptance of obligations. B. Used almost exclusively by small companies. C. Designed to eliminate the need for subsidiary ledgers. D. Designed to determine if the company is operating profitably. E. Used to ensure that the company sells on credit only to creditworthy customers.
Which of the following organizations aids small businesses with selling overseas?
A. The U.S. Commercial Service B. The World Bank C. The International Monetary Fund D. Multinational Development Bank E. The Small Business Institute
Which of the following is not one of the four commonly recognized forms of utility?
A. Form B. Time C. Production D. Place E. Possession