Why is it more difficult to prepare a marketing and administrative budget than it is to prepare a production budget?
What will be an ideal response?
Marketing and administrative budgets are harder to prepare because managers have discretion about how much money they spend and the timing of these expenditures. There is also not as precise of an input-output relationship in marketing and administrative as there is in production.
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Indicate whether the statement is true or false
Wean Corporation's budgeted balance sheet for the coming year shows total assets of $5,000,000 and total liabilities of $2,000,000 . Common stock and retained earnings make up the entire stockholders' equity section of the balance sheet. Common stock remains at its beginning balance of $1,500,000 . The projected net income for the year is $366,000 . The company pays no cash dividends. What is the
balance of retained earnings at the beginning of the budget period? a. $1,034,000 b. $1,134,000 c. $1,866,000 d. $1,500,000
Facebook has hired you to manage its launch team for its new dating app. What would be the highest priority on your list of activities to ensure a successful launch and implementation of this new app?
A. centralizing authority in the hands of a chief strategy implementer so as to create the leadership authority for driving implementation forward at a rapid pace. B. decentralizing authority for performing strategy-critical value chain activities, establishing at least two distinctive competencies, and hiring talented employees. C. staffing the organization, acquiring, developing, and strengthening key resources and competitive capabilities, and structuring the organization and work effort. D. empowering employees, maximizing internal operating efficiency, and optimizing core competencies. E. investing heavily in employee training, using an empowered organization design and organization structure in order to maximize labor productivity, and employing effective incentive compensation systems.
A transportation problem in which the total number of supply units available is greater than the demand requirements or vice versa is called ______ problem.
A. balanced transportation B. unbalanced transportation C. improved transportation D. feasible transportation