Some ERP products were developed using ________ technology, so it is important that ERP vendors be able to migrate quickly to current technologies
A) outsourced
B) older
C) used
D) offshore
B
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The basic difference between a master budget and a flexible budget is that a:
A. flexible budget allows management latitude in meeting goals whereas a master budget is based upon a fixed standard. B. master budget is for an entire production facility but a flexible budget is applicable to single departments only. C. master budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range. D. flexible budget considers only variable costs but a master budget considers all costs.
A firm with highly unpredictable sales revenue would best choose ________ funding strategy to minimize risk
A) the aggressive B) the conservative C) the trade-off D) a seasonal
In a master/servant relationship, the principal exercises little control over the agent
Indicate whether the statement is true or false
Free cash flow is a positive cash flow from operating activities:
A. across both financing and investing activities. B. beyond what has been allotted for future property, plant, and equipment replacement and expansion. C. across all three activity components of the statement of cash flows. D. beyond what is needed to replace current property, plant, and equipment and pay cash dividends.