The overstating of needs or setting low budget goals by managers in a budgeting process can result in _____.
A. budgetary slack
B. a budget crisis
C. a budgetary deficit
D. budget maximization
Answer: A
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Which of the following statements about tax policy objectives regarding business expenses is false?
A. By disallowing a tax deduction, Congress increases the after-tax cost of undesirable expenditures. B. The business interest expense limitation increases the disparity between the tax treatment of debt and equity financing. C. The tax treatment of meals and entertainment expenses is intended to make the law more equitable. D. Lobbying expenses are not deductible because Congress does not want to subsidize political activities.
Stock dividends involve the issuance of additional shares of stock
a. True b. False Indicate whether the statement is true or false
Utilitarianism has been called a(n):
A. consequentialist approach to ethics. B. commonsensical approach to ethics. C. intuitive approach to ethics. D. behavioral approach to ethics.
Which of the following is considered a constructive delivery of a gift?
A) giving the key to a safe-deposit box where the gift is kept B) paying for the total value of the good being gifted in cash C) contracting a third party to deliver goods to the donee D) gifting someone in person to ensure acceptance of the gift