The budget included in a proposal ________
A) is tentative and may be modified later
B) represents a contract
C) should be open-ended for acceptance
D) should not include a deadline for acceptance because doing so might seem too pushy
B
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Salaries paid to production supervisors are not part of the cost of manufacturing because they cannot be charged directly to the cost of the products being manufactured
Indicate whether the statement is true or false
Which of the following is not a true statement?
a. A principle is a statement of a true and generalized nature containing referents to the real world. b. If a principle could be empirically tested and proven true, it would be capable of becoming a law. c. The truth of a law or principle means that is should not be replaced by a newer system. d. Principles are general statements that influence the way we view phenomena and the way we think about problems.
Which of the following is correct concerning the executive summary (abstract) in the preliminary pages and the summary that appears as a final section of the report body?
a. Only one or the other is necessary, since they would contain the same information. b. Both are necessary because the executive summary summarizes the essential elements of the entire report and the summary reviews the main points presented in the body. c. Both are necessary because they are prescribed sections in the APA style. d. Neither is necessary in a well-written, concise report.
An overstatement of ending merchandise inventory in the current period results in an understatement of net income in the current period
Indicate whether the statement is true or false