An Appropriations budget is the legal authorization for administrators of governmental unit to incur liabilities for purposes specified and to not exceed the amount specified.
Answer the following statement true (T) or false (F)
True
An appropriations budget, when enacted into law, is the legal authorization for the government to make expenditures for specific purposes. The amount expended may not exceed the amount appropriated for each purpose.
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Which of the following has responsibilities and expertise to preparing internal reports?
a. the financial reporting officer b. the managerial reporting officer c. the treasurer d. the budgeting department
A ________ income statement lists cost of goods sold as another expense and shows only one subtotal for total expenses.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true of workers' compensation?
A. It is aimed at helping people who have chronic problems with alcohol or drugs. B. The exact premium paid for workers' compensation insurance is a function of each employee's salary. C. Employers pay the cost of workers' compensation insurance. D. It is provided to people who are between jobs.
Evaluating a firm based on their product and service quality and other factors may involve the use of a _______..
a. supplier evaluation form b. supplier worksheet c. supplier scorecard d. supplier nomination