The primary difference between a fixed (static) budget and a flexible budget is that a fixed budget
A) cannot be changed after the period begins, whereas a flexible budget can be changed after the period begins.
B) is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with expenses that vary with sales.
C) is a plan for a single level of production, whereas a flexible budget is several plans (one for each of several production levels).
D) includes only fixed costs, whereas a flexible budget includes only variable costs.
C
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The classical model refers to
A) the way automotive companies position their vehicles. B) the procedure advertising agencies use to select media outlets. C) public relations guidelines first developed by Edward Bernays. D) pre-electronic communications theory developed in the 18th century. E) the communication process most promotional tools employ.
Ian's records show a cash balance of $2,000 while the bank statement shows a balance of $1,800. The difference is most likely explained by
A) unrecorded interest earned on the account. B) deposits made after the statement period. C) checks not cleared during the statement period. D) a statement period less than one month.
When an employer prohibits outside organizations from entering the workplace and interacting with workers, it is called ____________________.
A. A private injunction B. A no solicitation rule C. Salting D. The Monarch Rubber rule
________ is giving back to the criminal precisely what he deserves; a punishment that fits the crime he is convicted of
a. Specific deterrence b. General deterrence c. Rehabilitation d. Retribution