A budget procedure that provides for the maintenance at all times of a twelve-month projection into the future is called continuous budgeting
Indicate whether the statement is true or false
True
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The direct approach and the indirect approach ________; therefore, businesspeople ________
A) are unrelated; use them randomly B) are both inadequate; never use them C) both have merit; often combine them D) both have merit; never combine them E) are both unique; never combine them
A responsibility center in which the department manager has responsibility for and authority over costs, revenues, and assets invested in the department is termed a cost center
Indicate whether the statement is true or false
The Positive Vibes Café’s main mission is to
a. hire and train disabled people so that they can obtain jobs in the food industry b. train people in emotional competencies c. teach people how to express their emotions to others in a beneficial way d. feed homeless people and people who are in “food insecure” homes
Which of the following statements is true when comparing the Microsoft Excel templates of the transportation model to the Microsoft Excel template of the transshipment model?
a. The objective function cell in the transportation model contains the value of one scalar product, while the objective function in the transshipment model has two scalar products. b. The value of objective function of the transportation model is always greater than the value of the objective function in the transshipment model. c. The decision maker always seeks to minimize the cost in the transportation model, yet may seek to optimize the cost in the transshipment model. d. All of the above