In the top-down approach, the budgetary amount is established usually at the departmental level.
Answer the following statement true (T) or false (F)
False
In top-down approaches, budgetary amount is established usually at an executive level and then the monies are passed down to the various departments. These budgets are essentially predetermined and have no true theoretical basis.
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Given a current ratio of 5 to 3, what is the effect of paying a supplier within 30 days of the purchase?
a. The current ratio would increase. b. The current ratio would decrease. c. The current ratio would remain the same. d. Unable to determine.
Which barrier to collaboration occurs when people are unwilling to share?
A. The hoarding barrier B. The search barrier C. The transfer barrier D. The not-invented-here barrier
In year 1, Southern Construction agrees to construct a school building for $12,000,000, receiving payments for the work of $6,000,000 in both year 1 and year 2 . Southern estimates that the costs will be $4,000,000 in Year 1 and $6,000,000 in Year 2 . If Southern uses the percentage-of-completion method (based on total costs), what amount of profit is recognized in each year of the contract? Year
1 Year 2 a. $0 $2,000,000 b. $2,000,000 $0 c. $1,000,000 $1,000,000 d. $800,000 $1,200,000 e. $2,000,000 $1,000,000
Define the principle of “stare decisis”.
What will be an ideal response?