Small-business investment companies
A. are an extension of the SBA.
B. are individual, nonprofit organizations.
C. are profit-making organizations.
D. do not expect a return on their investments.
E. make loans to small businesses.
Answer: C
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The budgeting function begins with the preparation of a production budget
Indicate whether the statement is true or false
Varela Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$5.95Direct labor$3.30Variable manufacturing overhead$1.60Fixed manufacturing overhead$3.00Fixed selling expense$0.50Fixed administrative expense$0.40Sales commissions$1.50Variable administrative expense$0.50 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:
A. $3,600 B. $7,700 C. $11,600 D. $8,000
A speech of introduction should last approximately:
a. 30 seconds b. 2–3 minutes c. 5–6 minutes d. 10 minutes
The phase of ERP implementation in which a firm has reached maturity with the system is referred to as?
a. Synergize b. Synthesize c. Stabilize d. Synchronize