No matter what way you approach raising money for your business, you will need a ________.
A. written business plan
B. family investment
C. winning lottery ticket
D. bank loan
Answer: A
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Retention of a major portion of business earnings is a desirable way to finance corporate growth
a. True b. False Indicate whether the statement is true or false
In a four-variance method analyzing factory overhead, the variable factory overhead efficiency variance measures:
a. The effect of differences in the actual variable factory overhead rate and the standard variable factory overhead rate. b. The difference in the actual hours incurred and standard hours allowed for a given level of production. c. The difference between actual and applied variable factory overhead. d. The difference between actual variable factory overhead and budgeted variable factory overhead.
Which of the following is not a reason for a direct materials quantity variance?
A) Malfunctioning equipment B) Purchasing of inferior raw materials C) Material requiring rework D) Spoilage of materials
In zero-based budgeting, a firm starts each budget period by evaluating the success of past budget levels
Indicate whether the statement is true or false