Which type of budget, static or flexible, should be used by managers for control activities? Explain your answer
Flexible budgets are better suited for control activities. Control activities involve the motivating and monitoring of employees as well as other resources used in the business. The purpose of control activities is to make sure that the goals of the organization are being attained. Therefore, as is done with a flexible budget, comparing budgeted goals and actual results at the same actual level of activity allows managers to assess whether or not the company is performing as expected.
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________ appraisals, although subjective, focus on observable aspects of performance.
A. Trait B. Results C. Developmental D. Behavioral E. Administrative
What was the conclusion of the court in Unocal Corporation v. Mesa Petroleum Co regarding the application of the business judgment rule to actions of directors in response to a takeover attempt?
Describe the two broad targeting approaches in business, and give an example of each.
What will be an ideal response?
What is the purpose of the appendices in a business plan?
A) to provide additional information that adds to the credibility of your business plan B) to summarize your business plan and to remind investors of the key points of the plan C) to provide a summary of the projected income that has not been adequately provided within the plan D) to provide key definitions for industry terms used in the plan as it will be read by non-industry experts E) to provide a clear and concise (abbreviated) form of the entire business plan