Explain why managers might want to build slack into a budget
Building slack into the budget allows managers to achieve the budgeted level of performance with less effort. Thus, they have a higher probability of achieving the budget and any bonus or compensation that may be tied to that performance standard.
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The process of transferring the debit and credit information from the journal to individual accounts in the general ledger is called journalizing.
Answer the following statement true (T) or false (F)
Advertising expense would be an administrative expense
Indicate whether the statement is true or false
A consumer's surplus represents an advantage for ________
A) producers B) suppliers C) consumers D) marketers E) business markets
Life cycle assessment (LCA) is a marketing concept that addresses innovation in product development.
Answer the following statement true (T) or false (F)