Ben Harvey recently purchased a new boat. This type of purchase would be made using Ben's ____ income.
A. gross
B. personal
C. disposable
D. net
E. discretionary
Answer: E. discretionary
You might also like to view...
Journalize the following transaction for a merchandiser that uses the perpetual inventory system. Received returned goods from a customer, $1,000 (cost, $740). The goods were sold on account. Omit explanation.
What will be an ideal response?
Which of the following statements is FALSE? Pay day loan companies
A)specialize in small unsecured loans to individuals B) can be regulated by provincial legislation C) can charge greater than the criminal annual rate of interest D) have become major lenders for home mortgages E) have become a large industry in Canada
Pierce's new business rocketed upwards in its first year, but its progress stagnated thereafter. His mentor noted that Pierce was having a hard time "letting go"-giving his two best employees responsibility to take on assignments that they were obviously ready to handle. In fact, Pierce was needlessly and constantly "looking over their shoulder" to check their work. As evidenced by these reasons, Pierce's entrepreneurial venture was being threatened by his failure to
A. go public. B. delegate. C. use formal control systems. D. plan. E. properly use funds.
To better understand her company's operations, a risk manager asked a production manager to draw a diagram tracing the steps in the production and distribution of the company's products. Such a diagram, which is useful in risk identification, is called a
A) financial statement. B) risk management matrix. C) flowchart. D) risk management audit.