Which of the following approaches to budgeting is most likely to contain the details of salaries (such as number of personnel within each position) as well as the details of each type of expenditure other than salaries (such as supplies and travel)?
a. object-of-expenditure approach
b. performance approach
c. planning-programming-budgeting approach
d. zero-based budgeting approach
Answer is a. object-of-expenditure approach
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For what major reason will some employers refuse to answer details about the quality of a former employee when asked?
a. too little memory of the employee b. not wanting to help a rival business c. fear of violating the candidate’s privacy d. fear of a defamation lawsuit
Technical reports usually follow a managerial format that emphasizes the _____________________
a. feasibility of the result b. methods used to gather data c. conclusions and recommendations d. cost of the report
Joan Woodward classified contingent technologies into three categories. What term did she use to categorize technology in organizations where production involved fewer customers but larger production runs?
a. Small Batch and Unit production b. Large Batch and Mass production c. Process Production d. Specialized production
What is the present value of the following perpetuities?
a. $200 per year discounted at 6% annually b. $500 per year discounted at 9% annually c. $1,000 per year discounted at 5% annually d. $550 per year discounted at 8% annually What will be an ideal response?