Which of the following statements is true regarding the percentage of sales approach to budgeting?
A) It views advertisement as an investment measures its return by calculating percentage increase in sales for a particular period.
B) It attempts to spend at levels proportional to the competition's spending.
C) Approach is based on the belief that advertising causes sale.
D) It selects a percentage of sales, either past or expected to devote to advertising.
D
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Preferred stock issued in exchange for land would be reported in the statement of cash flows in
a. the cash flows from financing activities section b. the cash flows from investing activities section c. a separate schedule d. the cash flows from operating activities section
Which of the below factors is not related to success in factory production and engineering research and development teams?
a. External time pressure and deadlines b. Fair and objective evaluation and reward system c. Clear direction and goals on challenging tasks d. Good social relations
North Carolina enacts a statute that requires a label on a video game to warn parents when "the range of options available to a player include dismem¬bering or sexually assaulting the image of a human being.". In a challenge to the statute by gamemakers, the state asks a federal court to enforce the statute. The state fails to show that the statute is justified by a compelling government
interest or that it is narrowly tailored to serve that interest. The court is most likely to a. hold that the statute is unconstitutional and refuse to enforce it. b. expand the label's warning to include other forms of violence. c. impose market-share liability on makers of violent video games. d. replace the voluntary rating system currently in use.
Intensive distribution is often very appropriate for
A. unsought products and specialty products. B. business products of all classes. C. convenience products and business supplies. D. shopping, specialty, and unsought products. E. shopping products and convenience products.