Which budgeting process starts with departmental managers and flows up through middle management and then to top management?
a. Departmental budgeting
b. Participatory budgeting
c. Centralized budgeting
d. Master budgeting
b
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Systematic sampling is similar to simple random sampling. Which of the statements below about systematic sampling does not relate to the systematic sampling and simple random sampling similarity?
A) Each population element has a known and equal probability of selection. B) If the population elements are arranged in a manner unrelated to the characteristic to interest, systematic sampling will yield results quite similar to simple random sampling. C) The random numbers do not have to be matched with individual elements. D) Systematic sampling is a type of probability sampling.
Skipper's Souvenir Shop had comparative balance sheets and income statements that showed the following information for 2010 and 2011: Inventory - 12/31/10 $100,000 Inventory - 12/31/11 85,000 Accounts payable - 12/31/10 20,000 Accounts payable - 12/31/11 15,000 Cost of goods sold - 2011 700,000 Skipper's accounts payable balances are composed solely of amounts due to suppliers for purchases of
inventory. What is the amount of cash payments for inventory that Skipper should report on its 2011 statement of cash flows assuming that the direct method is used? A) $690,000 B) $710,000 C) $850,000 D) $550,000
If a court awards nominal damages it will generally
a. award compensatory damages as well. b. not make a determination as to whether there has been a breach of the contract. c. award punitive damages for the intentional breach of the contract. d. award a very small amount of money.
Don asked Karen to marry him and gave her a 1/2-carat diamond engagement ring. Three months later, Karen broke the engagement because she decided she was not ready for marriage yet. According to most courts, Don may:
a. not recover the ring because it was a gift. b. recover the ring because he did not break the engagement and the gift was conditional. c. not recover the ring even if the marriage does not take place because gifts cannot be conditional. d. not recover the ring unless the reason the marriage was called off was Karen's death.