If an actual discretionary cost is exactly equal to the budgeted level of that cost, which of the following statements is true?
a. Funds were appropriately spent.
b. The discretionary activity was efficient.
c. The discretionary activity was effective.
d. None of the above.
D
You might also like to view...
Which of the following refers to surveys that are taken at fixed time intervals in order to monitor advertising awareness, product usage, or strategy-related measures such as product positioning over time?
A) awareness studies B) tracking studies C) time studies D) marketing potential studies
How can a person establish credibility with his or her audience if the person is unknown to that audience?
A) Being modest and not mentioning her education or expertise B) Maintaining a respectful distance from her audience before the presentation, so as not to violate the professional relationship with attempts at building rapport C) Mentioning her professional relationship with a renowned expert in the field D) Avoiding the discussion of work done by other experts in the field E) Presenting a highly subjective idea that favors her own view point
Indicate whether each of the following statements is true or false.________ a) An eight-month, 6% note for $10,000 will require the issuer to pay $600 in interest.________ b) Interest expense is considered an operating expense on the income statement.________ c) Payment of interest is considered an operating activity on the statement of cash flows.________ d) Payment of interest on a one-year note due on March 1 will include a reduction in liabilities.________ e) The adjusting entry to recognize interest expense is an asset use transaction.
What will be an ideal response?
Which of the following is true of tort liability of a general partnership?
A. Only the partner who committed the tort is liable. B. Under the UPA, general partners have joint, but not several, liability for torts committed in the course and scope of the partnership. C. A partner can be sued even if he or she did not participate in the commission of the tort. D. If one of the partners in the partnership is released, the other partners are discharged of liability.